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. 2720 entitled:

begs leave to report as follows:

The purpose of this bill is to require that individuals who import motor vehicles into the State show proof of payment of the use tax necessary to register the motor vehicle.

The Hawaii Automobile Dealers Association testified in support of this measure. The Department of Taxation supported the intent of this measure. The Tax Foundation of Hawaii submitted comments.

Your Committee has amended this measure by changing the effective date to 2010 to promote further discussion.

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. 2720, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2720, H.D. 1, and be placed on the calendar for Third Reading.