HOUSE OF REPRESENTATIVES

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2011

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Pono Chong

Rep. Chris Lee

Rep. Isaac W. Choy

Rep. Dee Morikawa

Rep. Denny Coffman

Rep. James Kunane Tokioka

Rep. Ty Cullen

Rep. Kyle T. Yamashita

Rep. Sharon E. Har

Rep. Barbara C. Marumoto

Rep. Mark J. Hashem

Rep. Gil Riviere

Rep. Linda Ichiyama

Rep. Gene Ward

Rep. Jo Jordan

 

 

NOTICE OF HEARING

 

DATE:

Friday, February 25, 2011

TIME:

1:30 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A # 4

 

Copies of the PROPOSED DRAFTS are available in room 306 and on the Legislature's website: http://www.capitol.hawaii.gov

 

HB 1092

Status

RELATING TO TAXATION.

HD1 PROPOSED A: Makes various amendments to the tax laws: excludes pension income from income tax based on federal adjusted gross income levels; eliminates the deduction for state income taxes paid; and eliminates the income tax exclusion for certain persons involved in copyrights.

 

FIN

HB 1092

Status

RELATING TO TAXATION.

HD1 PROPOSED B: Makes various amendments to the tax laws: excludes pension income from income tax based on pension income levels; eliminates the deduction for state income taxes paid; and eliminates the income tax exclusion for certain persons involved in copyrights.

 

FIN

HB 1142

(HSCR361)

Status

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Provides for the retirement age for state and county employees who become members of the ERS after 6/30/12.

 

LAB, FIN

HB 1143

(HSCR344)

Status

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Reduces the investment return yield rate assumption for ERS for the fiscal year ending 06/30/11, to 7 3/4%. Authorizes the ERS board of trustees to set the investment return yield rate assumption after 06/30/11, based on recommendations of the actuary.

 

LAB, FIN

HB 1034

(HSCR402)

Status

MAKING EMERGENCY APPROPRIATIONS FOR COLLECTIVE BARGAINING COST ITEMS.

To provide Employer contributions amounts for plan year 2010‑2011 for EUTF health benefit plan premiums beginning March 2011.

LAB, FIN

 

 

 

 

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing with a transmittal cover indicating:

     Testifier's name with position/title and organization;

     The Committee the comments are directed to;

     The date and time of the hearing;

     Measure number; and

     The number of copies the Committee is requesting.

 

While every effort will be made to copy, organize, and collate all testimony received, materials received on the day of the hearing or improperly identified or directed to the incorrect office, may be distributed to the Committee after the hearing.

 

Submit testimony in ONE of the following ways:

PAPER: 2 copies to Room 306 in the State Capitol;

FAX: For comments less than 5 pages in length, transmit to 586-6001 (Oahu) or 1-800-535-3859 (for Neighbor Islanders without a computer to submit testimony through e-mail or the Web); or

WEB: For comments less than 4MB in size, transmit from the Web page at http://www.capitol.hawaii.gov/emailtestimony.

 

Testimony submitted will be placed on the Legislative Web site after the hearing adjourns. This public posting of testimony on the Web site should be considered when including personal information in your testimony.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements. Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

Selected meetings are broadcast live. Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 536-2100.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair