STAND. COM. REP. NO. 808

Honolulu, Hawaii

, 2005

RE: H.B. No. 1465

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1465 entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

begs leave to report as follows:

The purpose of this bill is to improve the State's Income Tax Law by clarifying that section 231-24, Hawaii Revised Statutes, shall apply to the taxes imposed on taxpayers and employers under the Income Tax Law.

The Tax Foundation of Hawaii offered comments on this bill.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1465 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT TAKAMINE, Chair