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:

6:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A # 8

 

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

 

HB 799

Status

RELATING TO TAXATION.

PROPOSED HD1: Suspends temporarily the exemptions for certain persons and certain amounts of gross income or proceeds from the general excise and use tax and requires the payment of the tax at a 4% rate. Effective 07/01/11 and sunsets on 06/30/15.

 

FIN

HB 1270

Status

RELATING TO TAXATION.

Requires the department of taxation to evaluate certain tax credits and tax exemptions and report to legislature. Provides automatic repeal of the tax credits and tax exemptions.

 

FIN

HB 786, HD1

(HSCR276)

Status

RELATING TO SOLID WASTE.

PROPOSED HD2: Increases the solid waste management surcharge. Effective July 1, 2011.

 

EEP, FIN

HB 840

Status

RELATING TO LIQUOR.

PROPOSED HD1: Increases liquor tax rates. Reduces the liquor tax rate on beer for small breweries or brewpubs. Makes it lawful to provide a discount for liquor purchases through coupons or mail-in rebates when made in combination with other merchandise.

 

FIN

HB 798

(HSCR108)

Status

RELATING TO TAXATION.

PROPOSED HD1: Imposes the general excise tax on the gross income derived from a life settlement insurance policy. States expressly that the tax shall not be imposed on any compensation received by an insured for the transfer of the policy or designation of a beneficiary or any death benefit received by a person related to the insured.

 

CPC, FIN

HB 783

Status

RELATING TO HOUSING.

PROPOSED HD1: Temporarily allows the dwelling unit revolving fund to reimburse the general fund for the principal of general obligation bonds issued for housing projects and programs. Takes effect on 7/1/11, and terminates on 6/30/13.

 

FIN

HB 1378

Status

RELATING TO THE STATE OF HAWAII ENDOWMENT FUND.

PROPOSED HD1: Broadens the purposes of the State of Hawaii endowment fund to encompass the education in school for music production with instruction by an Oahu symphony orchestra performer. Effective July 1, 2050.

 

FIN

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

 

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