STAND. COM. REP. NO. 2752

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2484

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2484, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to authorize a state income tax credit for certain expenses paid or incurred by school teachers, special education teachers, school librarians, and counselors employed by the Department of Education, charter schools, or private schools.

 

     Your Committee finds that, in order to carry out their lesson plans, school teachers are often required to use their own funds to purchase classroom materials.  Your Committee also finds that the tax credit provided in this measure would assist teachers by helping to offset some of these out-of-pocket expenses.

 

     Your Committee has amended this measure by:

 

     (1)  Clarifying what supplies are included in the definition of "certain expenses";

 

     (2)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

 

     (3)  Making technical nonsubstantive amendments for the purposes of clarity and style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2484, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2484, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

____________________________

DAVID Y. IGE, Chair