STAND. COM. REP. NO.  1

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 107

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 107 entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this bill is to increase the ability of taxpayers to manage their finances, by requiring the Department of Taxation (DOTAX) to allow individual taxpayers to arrange for their state tax refunds to be directly deposited into more than one financial account.

 

     The Hawaii Alliance for Community-Based Economic Development, 3Point, and a concerned individual testified in support of this bill.  DOTAX opposed this measure.

 

     Your Committee finds that allowing taxpayers to split their state tax refund for deposit into more than one account facilitates their management and development of financial assets.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 107 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 


 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

 

 

____________________________

ROBERT N. HERKES, Chair