STAND. COM. REP. NO. 3564

 

Honolulu, Hawaii

                

 

RE:    H.B. No. 2672

       H.D. 1

       S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2672, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to amend the low income-household renters' income tax credit.

 

     Specifically, the measure:

 

     (1)  Expands eligibility for the low income-household renters' income tax credit based on adjusted gross income and filing status; and

 

(2)  Amends the definition of "adjusted gross income" to conform to the definition in the Internal Revenue Code.

 

     Your Committee received written comments in support of this measure from the Office of Hawaiian Affairs, Americans for Democratic Action Hawaii, Catholic Charities Hawaii, Hawaii Alliance for Community-Based Economic Development, Hawaii Alliance for Progressive Action, Hawaii Appleseed Center for Law and Economic Justice, IMUAlliance, Hawaiian Community Assets, League of Women Voters Hawaii, LGBT Caucus of the Democratic Party of Hawaii, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, Parents And Children Together, and eleven individuals.

 

     Your Committee received written comments on this measure from the Department of Taxation and Tax Foundation of Hawaii.

 

     Your Committee finds that expanding the eligibility for the low income-household renters' income tax credit will provide much needed financial relief to low- and moderate- income families in the State.

 

     Your Committee has amended this measure by making technical nonsubstantive changes for the purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2672, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2672, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.

 

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

 

________________________________

DONOVAN M. DELA CRUZ, Chair