STAND. COM. REP. NO. 1908
RE: S.B. No. 494
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Finance, to which was referred S.B. No. 494, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE GENERAL FUND BALANCE,"
begs leave to report as follows:
(1) Providing a one-time income tax credit;
(2) Reappropriating general revenues into the Emergency and Budget Reserve Fund; or
(3) Reappropriating general revenues into the Other Post-Employment Benefits Trust Fund.
Your Committee has amended this measure by inserting a nominal amount of $1 for all unspecified amounts, to encourage further discussion.
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. 494, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 494, 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,
SYLVIA LUKE, Chair