SB 817 SD 1

RELATING TO INDIVIDUAL DEVELOPMENT ACCOUNTS

By Senator(s) CHUN OAKLAND / INOUYE / FUKUNAGA / MATSUNAGA / CHUMBLEY

Companion Bill: HB 487

Keywords: BANKS AND BANKING, DEPARTMENT OF HUMAN SERVICES, HUMAN SERVICES, INCOME TAX, PUBLIC WELFARE, TAXATION

Report Title: Individual Develop. Accts.

Description: Establishes an Individual Development Account (IDA) to promote entrepreneurship, education, and self-sufficiency for welfare recipients and low-income individuals; provides tax credit for contributions to IDAs. (SD1)

 1-22-99        S Introduced and passed First Reading                      
 1-25-99        S Referred to HHS/CPN, then to WAM                         
 2- 4-99        S Bill scheduled to be heard by HHS/CPN on 02-09-99
                  at 9:00 a.m. in conference room 016
 2- 9-99        S The measure is deferred until 02-17-99 at 1:15 p.m.         
                  in conference room 016.
 2-17-99        S The committees on HHS/CPN recommend that the
                  measure be PASSED, WITH AMENDMENTS.
 2-17-99        S The votes in HHS were as follows: 3 Ayes: Senator(s)        
                  Chun Oakland, Iwase, Fukunaga; Ayes with
                  reservations: Senator(s) ; none Noes: Senator(s) ;
                  and 2 Excused: Senator(s) Levin, Anderson
 2-17-99        S The votes in CPN were as follows: 7 Ayes: Senator(s)        
                  Kanno, Taniguchi, Bunda, Hanabusa, Ihara, Inouye,
                  Slom; Ayes with reservations: Senator(s) ; none
                  Noes: Senator(s) ; and 1 Excused: Senator(s)
                  Matsuura
 2-19-99        S Reported from HHS/CPN (Stand. Com. Rep. No. 496)
                  with recommendation of passage on Second Reading, as        
                  amended (SD 1) and referral to WAM
 2-19-99        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.
 1-19-00        S Carried over to 2000 Regular Session.