STAND. COM. REP. NO.  857-10

 

Honolulu, Hawaii

                , 2010

 

RE:   S.B. No. 2595

      S.D. 1

      H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred S.B. No. 2595, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO HOUSING,"

 

begs leave to report as follows:

 

     The purpose of this bill is to require that the gross annual income of households in a housing project developed by a qualified person or firm be calculated according to the United States Department of Housing and Urban Development's method of calculation for determining eligibility for the Federal Housing Choice Voucher (section 8) program, for the person or firm to be considered to receive a general excise tax exemption.

 

     A concerned individual testified in support of the intent of this bill.  The Hawaii Housing Finance and Development Corporation; Ford Island Housing, LLC; and The Chamber of Commerce of Hawaii testified in opposition to this measure.  The Tax Foundation of Hawaii provided comments.

 

     Your Committee has amended this bill by:

 

     (1)  Making the income guidelines applicable to any housing eligible for the general excise tax exemption under section 237-29, Hawaii Revised Statutes; 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 Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2595, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2595, S.D. 1, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

 

 

____________________________

RIDA CABANILLA, Chair