STAND. COM. REP. NO.  635-10

 

Honolulu, Hawaii

                , 2010

 

RE:   H.B. No. 2171

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2171 entitled:

 

"A BILL FOR AN ACT RELATING TO CONVEYANCE TAX,"

 

begs leave to report as follows:

 

     The purpose of this bill is to enable the counties to promptly track ownership, encumbrances, restrictions, uses, and sales prices of real property to determine real property tax assessments by requiring the Director of Taxation, within ten days after the end of each week and at no charge, to provide the administrator of each county's real property assessment division with an image of all certificates of conveyances filed with the Bureau of Conveyances during the previous week.

 

     The Real Property Assessment Division of the City and County of Honolulu, County of Maui Real Property Tax Division, and County of Hawaii Finance Department testified in support of this bill.  The Department of Taxation opposed this measure.

 

     Your Committee has amended this bill by:

 

     (1)  Changing its effective date to July 1, 2020, to encourage further discussion; and

 

     (2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     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. 2171, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2171, H.D. 1.

 

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

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair