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,
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____________________________ SYLVIA LUKE, Chair |
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