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. 1395, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to amend or repeal obsolete tax laws.

The Department of Taxation testified in support of this measure. The Tax Foundation of Hawaii offered comments.

Your Committee has amended additional sections of the tax laws that contain references to sections being repealed in this bill.

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. 1395, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1395, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.