STAND. COM. REP. 461

Honolulu, Hawaii

, 2003

RE: H.B. No. 1446

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Education, to which was referred H.B. No. 1446 entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

begs leave to report as follows:

The purpose of bill is to make operative for state income tax purposes, provisions from the Internal Revenue Code including:

(1) A special depreciation allowance on certain property acquired between September 10, 2001, and September 11, 2004; and

(2) A special deduction for teachers who buy materials for their classroom.

Your Committee received comments on this bill from the Tax Foundation of Hawaii.

Your Committee finds that teachers routinely use their own personal funds to buy supplies that they cannot afford from their meager official supply allowances. This bill would compensate teachers for some of those expenses. Your Committee respectfully requests the Committee on Finance to consider the substantial impact on income tax revenues that this bill could have.

 

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1446 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 Education,

 

____________________________

ROY M. TAKUMI, Chair