STAND. COM. REP. NO. 1479

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 149

       H.D. 2

       S.D. 2

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 149, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO DISASTER RELIEF,"

 

begs leave to report as follows:

 

     The purpose of this measure is to create a one-time tax credit for taxpayers in the County of Hawaii who suffered damage as a result of the October 15, 2006, earthquake.

 

     The Department of Defense, Department of Taxation, and the Tax Foundation of Hawaii submitted written comments on this measure.

 

     Your Committee finds that this measure would provide assistance to victims of the October 2006 earthquake, which is similar to assistance available to the flood victims of 2006 and 2004 provided in Act 110, Session Laws of Hawaii 2006.

 

     Your Committee has amended this measure by changing one reference to "residential property" to "residential structure" for the purposes of consistency.

 

     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. 149, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 149, H.D. 2, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

____________________________

ROSALYN H. BAKER, Chair