STAND. COM. REP. NO.  390

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 657

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Economic Development & Business, to which was referred H.B. No. 657, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to help Hawaii residents plan and prepare for natural and manmade disasters by establishing a residential backup generator tax credit.

 

     The Department of Taxation and Tax Foundation of Hawaii commented on this measure.

 

     Hawaii residents often face storms and other events that can have disastrous effects.  Oftentimes, residents face issues resulting from a loss of electrical power due to these events.  Your Committee finds that providing a tax credit for the purchase of residential back-up generators would assist residents in addressing some of these issues.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 657, H.D. 1, and recommends that it be referred to the Committee on Finance.


Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

 

 

____________________________

DEREK S.K. KAWAKAMI, Chair