STAND. COM. REP. NO.3258
RE: H.B. No. 1996
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 1996 entitled:
"A BILL FOR AN ACT RELATING TO THE ADMINISTRATION OF TAXES,"
begs leave to report as follows:
The purpose of this measure is to lower the adjusted gross income threshold for individuals required to make annual payments for underpaying their estimated taxes, and to reduce the percentages used to determine the required annual payment.
Your Committee has amended this measure to delay the effective date for purposes of further discussion.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1996, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1996, S.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
BRIAN T. TANIGUCHI, Chair