STAND. COM. REP. NO.1259

Honolulu, Hawaii

, 2001

RE: S.B. No. 1198

S.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1198, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PUBLIC SERVICE COMPANY TAX,"

begs leave to report as follows:

The purpose of this bill is to provide for the sharing of public service company tax revenues with those counties that establish by ordinance an exemption from real property tax for public service companies.

The Department of Taxation, City and County of Honolulu, County of Kauai, Mayor of Maui County, Hawaii County Council, Office of the Corporation Counsel for Hawaii County, Council member of Hawaii County Council, Mayor of Hawaii County, Kauai County Administration and Council, Hawaii State Association of Counties, Hawaiian Electric Company, Maui Electric Company, Hawaii Electric Light Company, Kauai Electric, The Gas Company, and Verizon Hawaii, Inc. submitted testimony in support of this bill. Tax Foundation of Hawaii submitted comments on this bill.

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. 1198, S.D. 1, 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,

____________________________

DWIGHT Y. TAKAMINE, Chair