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 S.B. No. 2885, S.D. 2, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to reduce regulatory burdens by allowing a wireless telecommunications provider to segregate taxable income reasonably.

Verizon Hawaii testified in support of this measure.

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. 2885, S.D. 2, H.D. 1, and recommends that it pass Third Reading.