STAND. COM. REP. NO.  888

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 145

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 145, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to establish a refundable income tax credit for costs incurred by qualified cigar producers in Hawaii.

 

     The Kauai Cigar Company, Hawaii Cigar Association, Hawaii Food Industry Association, Hawaii Farm Bureau, and numerous individuals supported this measure.  The Department of Health; Coalition for a Tobacco Free Hawaii; Cigar Association of America, Inc.; American Heart Association; and an individual opposed this measure.  The Department of the Attorney General, Department of Taxation, and Tax Foundation of Hawaii commented on 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. 145, 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