STAND. COM. REP. NO.  122

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 570

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committee on Tourism & Culture, to which was referred H.B. No. 570 entitled:

 

"A BILL FOR AN ACT RELATING TO GENERAL EXCISE TAX,"

 

begs leave to report as follows:

 

     The purpose of this bill is to exempt from the general excise tax amounts received by the operator of the Hawaii Convention Center for reimbursement of costs or advances made pursuant to a contract with the Hawaii Tourism Authority (HTA).

 

     The Department of Taxation, Department of Business, Economic Development, and Tourism, HTA, The Chamber of Commerce of Hawaii, and a concerned individual supported this bill.  The Tax Foundation of Hawaii offered comments.

 

     Your Committee has amended this measure by:

 

     (1)  Changing its effective date to July 1, 2025, to encourage further discussion; and

 

     (2)  Making technical, nonsubstantive amendments for style, clarity, and consistency.


 

     As affirmed by the record of votes of the members of your Committee on Tourism & Culture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 570, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 570, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Tourism & Culture,

 

 

 

 

____________________________

RYAN I. YAMANE, Chair