STAND. COM. REP. NO. 1337-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2947
                                     




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.
2947 entitled: 

     "A BILL FOR AN ACT RELATING TO DISCLOSURE OF TAX
     INFORMATION,"

begs leave to report as follows:

     The purpose of this bill is to remedy an unfair situation
for persons under contructual obligation to pay taxes by allowing
the disclosure of general excise and use tax return and tax
return information to a person contractually obligated to pay
general excise and use taxes assessed against another person.  

     The Department of Taxation testified in support of this
bill.  The Tax Foundation of Hawaii offered comments on this
bill.

     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.
2947 and recommends that it pass Second Reading and be placed on
the calendar for Third Reading.


 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 1337-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair