STAND. COM. REP. NO.474-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2764
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. 2764 entitled:
"A BILL FOR AN ACT RELATING TO CONVEYANCE TAX,"
begs leave to report as follows:
The purpose of this bill is to address the immediate homeless crisis by reallocating the amounts collected from the conveyance tax by:
(1) Decreasing the amount paid into the Natural Area Reserve Fund from 25 percent to 12.5 percent; and
(2) Designating 12.5 percent to be paid into the Homeless Assistance Trust Fund (Trust Fund) established by this bill.
Catholic Charities, Affordable Housing and Homeless Alliance, Harm Reduction Hawaii, Hawaii Catholic Conference, Partners In Care, and several concerned citizens testified in support of this measure. The Housing and Community Development Corporation of Hawaii (HCDCH) and Nature Conservancy of Hawaii supported the intent of this measure.
The Department of Land and Natural Resources, Earth Justice, and Sierra Club opposed this measure. Tax Foundation of Hawaii submitted comments.
Your Committee has amended this bill by:
(1) Removing the provision that established the Trust Fund;
(2) Removing the 12.5 percent allocation from the conveyance tax that would have gone to the Trust Fund;
(3) Appropriating $1,000,000 for fiscal year 2002-2003 to provide homeless assistance;
(4) Requiring HCDCH to submit a report to the Legislature detailing expenditures and identifying funding needs for providing homeless assistance in the future;
(5) Amending the effective date to provide that section 247-7, Hawaii Revised Statutes shall be repealed on June 30, 2003, and reenacted in the form in which it read on the day before the approval of this Act; and
(6) 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. 2764, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2764, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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