STAND. COM. REP. NO. 1459-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2941
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
2941 entitled: 

     "A BILL FOR AN ACT PROPOSING AN AMENDMENT TO ARTICLE VII,
     SECTION 3, OF THE STATE CONSTITUTION TO PROVIDE FOR THE
     APPOINTMENT OF A TAX REVIEW COMMISSION EVERY TEN YEARS,"

begs leave to report as follows:

     The purpose of this bill is to change the appointment of the
Tax Review Commission from every five years to every ten years
starting in the year 2005, by proposing an amendment to article
VII, section 3, of the Constitution of the State of Hawaii.

     The Department of Taxation testified in support of this
measure.  The Tax Foundation of Hawaii submitted comments on this
measure.

     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 S.B. No.
2941 and recommends that it pass Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair