STAND. COM. REP. NO. 1105

 

Honolulu, Hawaii

, 2019

 

RE: H.B. No. 1216

H.D. 1

 

 

 

 

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. 1216, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

The purpose of this measure is to establish a home business nonrefundable income tax credit for resident taxpayers who own and operate a business from their principal residence.

 

The Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii and Hawaii Cattlemen's Council submitted testimony in support of this measure. The Department of Taxation, Department of the Attorney General, 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. 1216, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair