STAND. COM. REP. NO.  521

 

Honolulu, Hawaii

                , 2017

 

RE:   H.B. No. 207

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 207 entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to expand the income tax credit for low-income household renters.

 

     The Office of Hawaiian Affairs Committee on Beneficiary Advocacy and Empowerment, Americans for Democratic Action, League of Women Voters of Hawaii, AARP Hawaii, Hawaii Appleseed Center for Law & Economic Justice, Parents and Children Together, Catholic Charities Hawaii, Hawaii State Teachers Association, IMUAlliance, Hawaii Women's Coalition, and several individuals testified in support of this measure.  The Department of Taxation and Tax Foundation of Hawaii commented on this measure.

 

     Your Committee has amended this measure by:

 

(1)  Adjusting the income tax rates and the filing threshold amounts for taxpayers filing a single return or as a married person filing separately;

 

(2)  Applying the income tax credit to taxable years beginning after December 31, 2017;

(3)  Changing its effective date to take effect upon a date to be determined to facilitate further discussion; and

 

(4)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 207, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 207, H.D. 1, and be referred to your Committee on Finance.

 

 

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

 

 

 

 

____________________________

TOM BROWER, Chair