HOUSE OF REPRESENTATIVES

THE TWENTY-NINTH LEGISLATURE

REGULAR SESSION OF 2017

 

COMMITTEE ON FINANCE

Rep. Sylvia Luke, Chair

Rep. Ty J.K. Cullen, Vice Chair

 

Rep. Romy M. Cachola

Rep. Nicole E. Lowen

Rep. Isaac W. Choy

Rep. Nadine K. Nakamura

Rep. Lynn DeCoite

Rep. James Kunane Tokioka

Rep. Cedric Asuega Gates

Rep. Sean Quinlan

Rep. Daniel Holt

Rep. Kyle T. Yamashita

Rep. Jarrett Keohokalole

Rep. Andria P.L. Tupola

Rep. Bertrand Kobayashi

Rep. Gene Ward

Rep. Matthew S. LoPresti

 

 

NOTICE OF HEARING

 

DATE:

Tuesday, March 21, 2017

TIME:

2:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A

 

SB 1002, SD1

(SSCR536)

Status

RELATING TO CONFORMITY TO THE INTERNAL REVENUE CODE.

Conforms Hawaii income and estate and generation-skipping transfer tax laws to the Internal Revenue Code of 1986, as amended as of December 31, 2016. Effective 1/1/2050.

 

FIN

SB 1007, SD1

(SSCR537)

Status

RELATING TO WITHHOLDING TAX.

Changes the frequency of filing returns of taxes withheld on wages paid from monthly to quarterly for all employers.

 

 

FIN

SB 100, SD2

(SSCR752)

Status

RELATING TO TAXATION.

Delays the reviews by the Auditor of tax exemptions, exclusions, credits, and deductions. Provides the Auditor with access to DOTAX records for the reviews and authorizes the Auditor to include data from the records in its reports to the legislature that do not explicitly identify any specific taxpayer. Adds the organic foods production income tax credit to the schedule of review. Amends the review criteria regarding the legislative purpose of an exemption, exclusion, credit, or deduction to provide more discretion to the Auditor. Appropriates funds to the Auditor for fiscal year 2018-2019; requires report to legislature. Effective 7/1/2018.

 

FIN

SB 722, SD1

(SSCR597)

Status

RELATING TO EFFICIENCY MEASURES.

Recommences the efficiency measures pilot project first required under Act 67, Session Laws of Hawaii 2015.

 

 

FIN

SB 713, SD1

(SSCR544)

Status

RELATING TO BUDGET DOCUMENTS.

Requires the six-year program and financial plan and budget to include information on tax expenditures. Effective 7/1/18.

 

FIN

SB 712

(SSCR543)

Status

RELATING TO THE VARIANCE REPORT.

Requires the variance report to include: (1) means of financing data; and (2) summaries by department of cost element breakdowns of expenditures and comparisons of the position ceiling to number of positions filled. Effecive 7/1/18.

 

FIN

SB 941

(SSCR533)

Status

RELATING TO ELECTRONIC FUNDS TRANSFERS.

Update statute relating to electronic funds transfers to allow Automated Clearing House account debit transactions in certain situations as may be approved by the Director of Finance.

 

FIN

SB 942

(SSCR272)

Status

RELATING TO THE EMERGENCY AND BUDGET RESERVE FUND.

Amends section 328L-3, Hawaii Revised Statutes, to remove the specific percentage of tobacco settlement moneys that is to be deposited to the Emergency and Budget Reserve Fund.

 

FIN

SB 939, SD1

(SSCR535)

Status

RELATING TO STATE FUNDS.

Clarifies the investment and funds management functions of the Department of Budget and Finance.

 

 

FIN

SB 724

(SSCR532)

Status

RELATING TO NON-DISCRETIONARY COSTS.

Requires the Department of Budget and Finance to submit reports with data on general fund appropriations and expenditures for non-discretionary costs.

 

FIN

SB 103, SD2

(SSCR664)

Status

RELATING TO THE DISPOSITION OF EXCESS GENERAL FUNDS AUTHORIZED UNDER ARTICLE VII, SECTION 6, OF THE CONSTITUTION OF THE STATE OF HAWAII.

Implements the state constitutional amendment of Senate Bill No. 2554 of the Regular Session of 2016 that authorizes the disposition of excess general fund revenues to pre-pay general obligation bond debt service or pension or other post-employment benefit liabilities. Takes effect 6/30/2017.

 

FIN

SB 102

(SSCR721)

Status

RELATING TO THE FEDERAL FUNDING POLICY STUDY.

Changes the agency responsible for preparing the federal funding policy study required under Act 225, Session Laws of Hawaii 2016, from the Office of the Governor to B&F. Makes an appropriation.

 

FIN

SB 719, SD1

(SSCR809)

Status

RELATING TO DEFERRED MAINTENANCE.

Requires the Governor to prepare a deferred maintenance plan to gradually eliminate the deferred maintenance costs of all state-owned buildings, facilities, and other improvements. Requires the initial plan to be submitted to the Legislature with the executive budget for the fiscal biennium 2019-2021. Requires the Governor to prepare annual updates. Imposes the same requirements on the Chief Justice for Judiciary-owned buildings, facilities, and other improvements. Makes an appropriation to the Office of the Governor and to the Judiciary. Takes effect 7/1/2050.

 

FIN

SB 407, SD1

(SSCR678)

Status

RELATING TO COUNTIES.

Allows the counties to make short term investments with similar authority as the state director of finance. Requires counties' investments in bonds of any improvement district to be of investment grade or supported by the general obligation pledge of the county in which the improvement district is located.

 

FIN

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing. Testimony should indicate:

     Testifier's name with position/title and organization;

     The Committee(s) to which the comments are directed;

     The date and time of the hearing; and

     Measure number.

 

While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, 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 testimony less than 5 pages in length, transmit to 1-800-535-3859 (for Neighbor Islander without a computer to submit testimony through e-mail or the Web); or

WEB: For testimony less than 10MB in size, transmit from http://www.capitol.hawaii.gov/submittestimony.aspx.

 

Testimony submitted will be placed on the legislative website. This public posting of testimony on the website 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" website at www.capitoltv.org or call 536-2100.

 

 

 

 

________________________________________

Rep. Sylvia Luke

Chair