STAND. COM. REP. NO.  818

 

Honolulu, Hawaii

                , 2017

 

RE:   H.B. No. 932

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 932 entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide tax relief to low-income taxpayers by:

 

     (1)  Gradually increasing the credit amounts and amending the income brackets of the refundable food/excise tax credit; and

 

     (2)  Repealing the sunset date of the food/excise tax credit.

 

     The Office of Hawaiian Affairs, Hawaii Appleseed Center for Law and Economic Justice, Hawaii Women's Coalition, Catholic Charities Hawaii, IMUAlliance, and one individual testified in support of this measure.  The Department of Taxation, Tax Foundation of Hawaii, and Parents and Children Together commented on this measure.

 

     Your Committee has amended this measure by changing its effective date to July 1, 2030, and making technical nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 932, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 932, H.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair