STAND. COM. REP. 1268
Honolulu, Hawaii
, 2003
RE: S.B. No. 1279
S.D. 2
H.D. 2
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. 1279, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TOBACCO,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Expand the Tobacco Enforcement Special Fund (Enforcement Fund) to accept the allocated portion of the stamp fee designated to pay for the cost of enforcing the cigarette tax stamp;
(2) Extend the ceiling of the Enforcement Fund to $1,250,000 and transfer unencumbered and unexpended funds over that amount into the general fund;
(3) Consolidate the Cigarette Tax Stamp Enforcement Special Fund with the Enforcement Fund;
(4) Synchronize timing of the receipt of settlement moneys from the Tobacco Master Settlement and Tobacco Master Settlement Agreement to match the timing of revenues and expenses utilized; and
(5) Appropriate funds for the administration and operation of tobacco enforcement activities.
The Attorney General testified in support of this bill.
Your Committee has amended this bill by:
(1) Changing the appropriation amounts to $1 to facilitate further discussion; and
(2) Clarifying that the appropriation section takes effect on July 1, 2003.
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. 1279, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1279, S.D. 2, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||