STAND. COM. REP. 1475
Honolulu, Hawaii
, 2003
RE: S.B. No. 1040
S.D. 1
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 1040, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TRANSIENT ACCOMMODATIONS TAX,"
begs leave to report as follows:
The purpose of this bill is to provide a dedicated funding source for the Hawaii Statewide Trail And Access Program by:
(1) Requiring ten percent of excess revenues in the Tourism Special Fund to be deposited in the Special Land and Development Fund; and
(2) Removing the annual ceiling on funding for trails and trail accesses under the jurisdiction of the Department of Land and Natural Resources (DLNR).
DLNR and the Nature Conservancy submitted testimony in support of this bill. The Department of Taxation and Tax Foundation of Hawaii submitted comments on this bill.
Your Committee has amended this bill by:
(1) Changing the effective date to July 1, 2005, to facilitate further discussion; and
(2) Making technical, nonsubstantive changes for purposes of style and clarity.
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. 1040, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1040, S.D. 1, 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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