STAND. COM. REP. NO.  805

 

Honolulu, Hawaii

                , 2019

 

RE:   H.B. No. 1042

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1042 entitled:

 

"A BILL FOR AN ACT RELATING TO TAX REPORTING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to improve tax compliance for persons who collect rents or gross rental proceeds on behalf of owners of real property or operators of transient accommodations by:

 

     (1)  Requiring the reporting of the total amount of rent and gross rental proceeds collected; and

 

     (2)  Imposing penalties for failing to provide required information.

 

     The Department of Taxation and Tax Foundation of Hawaii provided comments.

 

     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 H.B. No. 1042 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair