STAND. COM. REP. NO.  660

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 1319

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1319 entitled:

 

"A BILL FOR AN ACT RELATING TO THE PROGRESSIVE TAX REFORM TASK FORCE,"

 

begs leave to report as follows:

 

     The purpose of this bill is to establish the Progressive Tax Reform Task Force (Task Force) within the Department of Taxation (DOTAX) to identify the steps needed to create a more balanced and progressive tax structure in Hawaii, and to assist the Director of Taxation in creating a consistent, fair, and uniform tax structure.

 

     DOTAX, Tax Foundation of Hawaii, and the Democratic Party of Hawaii submitted comments.

 

     Your Committee has amended this measure by:

 

     (1)  Establishing a sunset date of June 30, 2012, for the Task Force; and

 

     (2)  Making technical, nonsubstantive amendments for style, clarity, and consistency.

 


     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. 1319, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1319, H.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair