STAND. COM. REP. NO.  1530


Honolulu, Hawaii

                , 2015


RE:   S.B. No. 555

      S.D. 1

      H.D. 1





Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii




     Your Committee on Finance, to which was referred S.B. No. 555, S.D. 1, entitled:




begs leave to report as follows:


     The purpose of this measure is to relieve the tax burden on low-income individuals and families by amending the Refundable Food/Excise Tax Credit.  Specifically, this measure removes the residency requirement and amends the credit per exemption amounts.


     The Hawaii State Commission on the Status of Women, Office of Hawaiian Affairs, Democratic Party of Hawaii, Hawaii Appleseed Center for Law and Economic Justice, ILWU Local 142, Americans for Democratic Action, Partners in Care, League of Women Voters of Hawaii, Hawaii Catholic Conference, Community Alliance on Prisons, IMUAlliance, Honolulu Council of, The CHOW Project, American Association of University Women Windward Branch, and three individuals provided testimony in support of this measure.  An individual provided testimony in opposition.  The Department of Taxation, and Tax Foundation of Hawaii provided comments.


     Your Committee has amended this measure by blanking out the dollar amounts of the credit per exemption and restoring the original statutory language in regards to the residency requirement.


     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 S.B. No. 555, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 555, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.


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