STAND. COM. REP. NO.299
Honolulu, Hawaii
, 2001
RE: H.B. No. 1685
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Transportation, to which was referred H.B. No. 1685 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose of this bill is to recognize and support the needs of our major interstate airlines in serving our airline-dependant island state by:
(1) Exempting from the general excise tax, the lease rent on aircraft or aircraft engines used by lessees for interstate air transportation of passengers and goods; and
(2) Exempting from the use tax, the acquisition or importation of aircraft and aircraft engines for leasing by a lessee engaged in interstate transportation.
Hawaiian Airlines testified in support of the measure. The Department of Taxation testified in opposition to the bill. Tax Foundation of Hawaii submitted comments on the bill.
As affirmed by the record of votes of the members of your Committee on Transportation that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1685 and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Transportation,
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____________________________ JOSEPH M. SOUKI, Chair |
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