CONFERENCE COMMITTEE REPORT NO.189

                            Honolulu, Hawaii
                                            , 1999

                            RE:   H.B. No. 1649
                                  H.D. 2
                                  S.D. 1
                                  C.D. 1
                                  



Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the
House of Representatives to the amendments proposed by the Senate
in H.B. No. 1649, H.D. 2, S.D. 1, entitled:

    "A BILL FOR AN ACT RELATING TO THE CONVEYANCE TAX,"

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this bill is to exempt from conveyance tax
transfers of real property in connection with:

     (1) A merger or consolidation of entities; or

     (2) The dissolution of a limited partnership to a corporate
         general partner.


 
 
 
 
 
 
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     Your Committee on Conference has amended this bill by:

     (1) Limiting the chapters of the Hawaii Revised Statutes
         referenced in connection with a merger or consolidation
         to those chapters that specifically authorize mergers
         and consolidations;

     (2) Changing the effective date of the bill from July 1,
         2010, to upon approval; and

     (3) Making technical, nonsubstantive changes to correct
         typographical errors.

     Your Committee on Conference is in accord with the intent
and purpose of H.B. No. 1649, H.D. 2, S.D. 1, as amended herein,
and recommends that it pass Final Reading in the form attached
hereto as H.B. No. 1649, H.D. 2, S.D. 1, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
           SENATE                              HOUSE
                                   
                                   
                                   
______________________________     ______________________________
CAROL FUKUNAGA, Co-Chair           RON MENOR, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
ANDREW LEVIN, Co-Chair             DWIGHT Y. TAKAMINE, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
DAVID IGE, Member                  IRIS IKEDA CATALANI, Member
                                   
                                   
                                   
______________________________     ______________________________
BRIAN T. TANIGUCHI, Member         SOL KAHO`OHALAHALA, Member
                                   
                                   
                                   
______________________________     ______________________________
WHITNEY ANDERSON, Member           JOSEPH M. SOUKI, Member

 
                            CONFERENCE COMMITTEE REPORT NO.189
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                                   ______________________________
                                   PAUL WHALEN, Member