STAND. COM. REP. NO. 622
Honolulu, Hawaii
, 2015
RE: H.B. No. 83
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. 83 entitled:
"A BILL FOR AN ACT RELATING TO INCOME TAX,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Restore the deduction for state taxes paid for by individual taxpayers with incomes above specified thresholds and also allow corporate taxpayers to claim this deduction; and
(2) Establish limitations on claims for itemized tax deductions based on taxpayers' federal adjusted gross income.
Your Committee has amended this measure by:
(1) Changing its effective date to July 1, 2030, to facilitate 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. 83, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 83, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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