STAND. COM. REP. NO.629-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2381
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2381 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose of this bill is to establish a one-time tax amnesty period from January 1, 2003, to July 31, 2003 to provide taxpayers who have failed to pay any state taxes on or before the day the tax is required to be paid, to pay the amount of tax due during this amnesty period without:
(1) Interest;
(2) Collection costs; and
(3) The imposition of any civil or criminal penalties arising out of any obligation due the State.
The Tax Foundation of Hawaii submitted comments on this measure. The Department of Taxation opposed this measure.
Your Committee has amended this bill by:
(1) Changing the amnesty period to July 1, 2002, to February 28, 2003;
(2) Changing the effective date to July 1, 2002; and
(3) Making technical, nonsubstantive amendments for purposes of clarity and style.
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 H.B. No. 2381, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2381, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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