Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 126 entitled:

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Legislative Reference Bureau to formulate an objective methodology that the Legislature may use to review the justification for existing general excise tax exemptions.

Your Committee finds that there is a need for an objective analysis of existing tax exemptions. Such information would be valuable to future efforts of the Legislature in determining policy and passing responsible legislation.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 126 and recommends its adoption.