STAND. COM. REP. NO.  1035

 

Honolulu, Hawaii

                , 2011

 

RE:   S.B. No. 655

      S.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Water, Land, & Ocean Resources, to which was referred S.B. No. 655, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CONVEYANCE TAX,"

 

begs leave to report as follows:

 

     The purpose of this bill is to enable counties to track real property ownership, encumbrances, restrictions, uses, and sale prices for the purposes of determining real property tax assessments by requiring the Director of Taxation to provide the administrator of each county's real property assessment division with an image of all certificates of conveyances filed with the Bureau of Conveyances.

 

     The City and County of Honolulu, County of Maui Real Property Tax Division, and the County of Hawaii testified in support of this measure.  The Department of Taxation supported the intent of this bill.

 

     As affirmed by the record of votes of the members of your Committee on Water, Land, & Ocean Resources that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 655, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.


                                  Respectfully submitted on    behalf of the members of the                Committee on Water, Land, & Ocean Resources,

 

 

 

 

____________________________

JERRY L. CHANG, Chair