STAND. COM. REP. NO.  893

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 482

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 482, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO AGRICULTURE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to limit the agricultural tax credit for important agricultural lands by removing the ability to deduct from taxable income all expenditures for legal services related to obtaining or retaining sufficient water for agricultural activities and retaining the right to farm on important agricultural lands.  

 

     Earthjustice testified in support of this bill.  The Land Use Research Foundation of Hawaii testified in opposition to this measure.  

 

     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. 482, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair