STAND. COM. REP. NO. 561

 

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 Economic Development & Business, to which was referred H.B. No. 1216 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 income tax credit for 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 supported this measure. The Department of Taxation, Department of the Attorney General, and Tax Foundation of Hawaii provided comments.

 

Your Committee has amended this measure by:

 

(1) Changing its effective date to December 31, 2112, to encourage further discussion; and

 

(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1216, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1216, H.D. 1, and be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair