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 S.B. No. 1195, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to make state income tax laws consistent with federal tax laws with respect to the extension of the attorney-client privileges to tax advice communications.

The Department of Taxation submitted testimony in support of this bill. Tax Foundation of Hawaii submitted 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. 1195, S.D. 1, and recommends that it pass Third Reading.