THE SENATE

THE THIRTIETH LEGISLATURE

REGULAR SESSION OF 2020

 

COMMITTEE ON WAYS AND MEANS

Senator Donovan M. Dela Cruz, Chair

Senator Gilbert S.C. Keith-Agaran, Vice Chair

 

AMENDED NOTICE OF HEARING

 

 

DATE:

Tuesday, March 17, 2020

TIME:

10:35 A.M.

PLACE:

Conference Room 211

State Capitol

415 South Beretania Street

 

A M E N D E D  A G E N D A

 

As a precautionary measure to COVID-19, the Committee is implementing social distancing policies at public hearings and strongly recommends that interested parties submit written testimony only to avoid a large gathering of people.

 

HB 117

      (HSCR924)

      Status & Testimony

RELATING TO STATE FUNDS.

Makes technical amendments to the state law regarding the deposit of state funds into the state treasury.

 

WAM

HB 339, HD1

      (HSCR1103)

      Status & Testimony

RELATING TO TAXATION.

Increases the state tax credit for research activities to one and one-quarter times the allowable federal tax credit.  Repeals December 31, 2019 sunset.  (HB339 HD1)

 

WAM

HB 885, HD1

      (HSCR1160)

      Status & Testimony

RELATING TO TAXATION.

Requires that new income tax credits include a five-year sunset or a gradual reduction.  (HB885 HD1)

 

WAM

HB 1041

      (HSCR1152)

      Status & Testimony

RELATING TO CONFORMITY TO THE INTERNAL REVENUE CODE.

Conforms Hawaii income and estate and generation-skipping transfer tax laws to the Internal Revenue Code of 1986, as amended as of December 31, 2018.  Clarifies wording regarding the Hawaii applicable exclusion amount.

 

WAM

HB 1631

      (HSCR472-20)

      Status & Testimony

RELATING TO STATE BONDS.

Authorizes issuance of general obligation bonds.  Makes findings required by Article VII, Section 13, of the Hawaii State Constitution to declare that the issuance of authorized bonds will not cause the debt limit to be exceeded.

 

WAM

HB 1632, HD1

      (HSCR956-20)

      Status & Testimony

RELATING TO NON-GENERAL FUNDS.

Reclassifies the notaries public revolving fund, and criminal forfeiture revolving fund as special funds; litigation deposits trust fund as a trust account; and the national mortgage settlement trust account as a trust fund.  Abolishes the criminal justice commission trust account.  Abolishes the UH intercollegiate athletics special fund.  (HD1)

 

WAM

HB 1930, HD1

      (HSCR848-20)

      Status & Testimony

RELATING TO TAXATION.

Changes the amount of the rental motor vehicle surcharge tax from $5 to an unspecified amount.  Effective 7/1/2050.  (HD1)

 

WAM

HB 2385, HD1

      (HSCR958-20)

      Status & Testimony

RELATING TO TAXATION.

Changes income tax rates for taxable years beginning after 12/31/2020.  (HD1)

 

WAM

HB 2399, HD1

      (HSCR816-20)

      Status & Testimony

RELATING TO THE MANAGEMENT OF STATE FUNDS.

Amends provisions relating to the short-term investment of state moneys, including the types of financial instruments in which state moneys may be invested.  Requires annual report to the legislature.  Effective 1/1/2050.  (HD1)

 

WAM

HB 2627, HD1

      (HSCR711-20)

      Status & Testimony

RELATING TO TAXATION.

Provides that Chapter 1, Subchapter Z (with respect to opportunity zones), of the Internal Revenue Code shall not be operative for the purposes of state income tax law.  Takes effect on 7/1/2112.  Applies to tax years beginning after 12/31/2022.  (HD1)

 

WAM

SCR 186 / SR 166

      Status & Testimony / Status & Testimony

 

REQUESTING THE TAX REVIEW COMMISSION TO STUDY AND SUBMIT A REPORT ON THE TAX RAMIFICATIONS OF ENACTING LEGISLATION THAT ADDRESSES CLIMATE CHANGE MITIGATION AND ADAPTATION FACTORS IN HAWAII.

WAM

SCR 186 / SR 166

      Proposed SD1

      Status & Testimony / Status & Testimony

REQUESTING ALL EXECUTIVE BRANCH DEPARTMENTS AND ATTACHED AGENCIES TO INFORM THE SENATE AND HOUSE OF REPRESENTATIVES WHEN IMPLEMENTING THEIR PLANS AND PROCEDURES RELATING TO THE COVID-19 PANDEMIC. (PROPOSED SD1)

 

Copies of the proposed SD 1 are available from the Senate Document Center and on the Legislature's website:  www.capitol.hawaii.gov.

 

The Committee will be accepting testimony on both the original resolutions and the proposed drafts. When submitting your testimony, please indicate which version of the resolutions you are testifying on.

 

WAM

[added on 3-15-2020]

SCR 235 / SR 146

      Status & Testimony / Status & Testimony

REQUESTING THE DEPARTMENT OF TAXATION TO CONDUCT A REVENUE LOSS ANALYSIS OF MEDICAL AND GROCERY EXCISE TAX EXEMPTIONS FOR RETIRED SENIOR CITIZENS AGED SIXTY YEARS AND OLDER.

 

 

WAM

SCR 235 / SR 146

      Proposed SD1

      Status & Testimony / Status & Testimony

URGING THE GOVERNOR TO CREATE A COLOR-CODED ADVISORY SYSTEM TO ADDRESS THE RAPIDLY CHANGING THREAT OF COVID-19. (PROPOSED SD1)

 

Copies of the proposed SD 1 are available from the Senate Document Center and on the Legislature's website:  www.capitol.hawaii.gov.

 

The Committee will be accepting testimony on both the original resolutions and the proposed drafts. When submitting your testimony, please indicate which version of the resolutions you are testifying on.

 

WAM

[added on 3-15-20]

 

 

Decision Making to follow, if time permits.

 

Click here to submit testimony.

 

Testimony may be submitted up to 24 hours prior to the start of the hearing.

 

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

 

If you require auxiliary aids or services to participate in the public hearing process (i.e., interpretive services (oral or written), ASL interpreter, or wheelchair accessibility), please contact the committee clerk at least 24 hours prior to the hearing so that arrangements can be made.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT (808) 586-6800.

 

 

 

_____________________________________

Senator Donovan M. Dela Cruz

Chair