STAND. COM. REP. NO.  1517

 

Honolulu, Hawaii

                , 2015

 

RE:   S.B. No. 1134

 

 

 

 

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 S.B. No. 1134 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ESTATE AND GENERATION-SKIPPING TRANSFER TAXES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to conform the state estate and generation-skipping transfer tax law to the Internal Revenue Code as it was amended on December 31, 2014, and to make technical, nonsubstantive amendments.

 

     The Department of Taxation and Tax Foundation of Hawaii provided comments 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 S.B. No. 1134 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair