STAND.
COM. REP. NO. 585-18
Honolulu, Hawaii
, 2018
RE: H.B. No. 1782
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Sir:
Your Committee on Housing, to which was referred H.B. No. 1782 entitled:
"A BILL FOR AN ACT RELATING TO FIRE PROTECTION,"
begs leave to report as follows:
Your Committee notes that automatic fire sprinklers are the most effective means of saving lives and preserving property in the event of a fire. However, your Committee further notes that the costs associated with installing an automatic fire sprinkler system may not be affordable for the average property-owner.
Your Committee has amended this measure by:
(1) Clarifying that only the owner-occupant and not the purchaser installing the fire sprinkler may claim the tax credit;
(2) Changing the application of the tax credit to taxable years beginning after December 31, 2018;
(3) Clarifying that the tax credit shall not apply to taxable years beginning after December 31, 2028; and
(4) Changing the thirty percent and $5,000 maximum credit amount to an unspecified percentage and unspecified maximum dollar amount.
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 H.B. No. 1782, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1782, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Housing,
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____________________________ TOM BROWER, Chair |
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