THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON WAYS AND MEANS

Senator Brian T. Taniguchi, Chair

Senator Shan S. Tsutsui, Vice Chair

NOTICE OF HEARING

 

DATE:

Friday, February 11, 2005

TIME:

9:00 a.m.

PLACE:

Conference Room 211

State Capitol

415 South Beretania Street

A G E N D A

SB 97

RELATING TO STANDARD DEDUCTION AMOUNT.

Provides a vehicle for the state standard deduction with a blank amount.

WAM

SB 460

RELATING TO TAX REFUNDS.

Allows taxpayers to appeal a tax refund claim when the Department of Taxation fails to act on the claim within 180 days after the claim was filed.

WAM

SB 840

RELATING TO INCOME TAX WITHHOLDING.

Clarifies the state withholding tax provisions for employers with state withholding tax liabilities exceeding $40,000 annually.

WAM

SB 842

RELATING TO WITHHOLDING OF TAX ON THE DISPOSITION OF REAL PROPERTY BY NONRESIDENT PERSONS.

Clarifies that where a limited liability company formed or registered consists of a single member and the limited liability company has not elected to be taxed as a corporation, the limited liability company will not be included in the Hawaii Real Property Tax Act.

WAM

SB 1410

RELATING TO TAXATION.

Provides a refundable state earned income tax credit.

WAM

SB 1415

RELATING TO EARNED INCOME TAX CREDITS.

Creates a pilot program led by the department of taxation to assist low-income families to claim the federal earned income tax credit. Makes appropriations.

WAM

SB 1740

RELATING TO ADJUSTING THE INCOME TAX BRACKETS.

Revises income tax brackets.

WAM

     

 

 

Decision Making to follow, if time permits.

Persons wishing to testify should submit 35 copies of their testimony to the committee clerk, Room 210, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6800.

 

 

________________________________________

Senator Brian T. Taniguchi

Chair