STAND. COM. REP. 1479
Honolulu, Hawaii
, 2003
RE: S.B. No. 248
S.D. 3
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. 248, S.D. 3, entitled:
"A BILL FOR AN ACT RELATING TO THE CONVENTION CENTER,"
begs leave to report as follows:
The purpose of this bill is to increase the amount of transient accommodations tax (TAT) revenues that can be deposited into the Convention Center Enterprise Special Fund (Special Fund) from $31,000,000 to $34,000,000.
The Hawaii Tourism Authority supported this bill. The Department of Budget and Finance opposed this measure. The Tax Foundation of Hawaii submitted comments.
Your Committee has amended this measure by:
(1) Changing the limit on the amount of TAT revenues that can be deposited into the Special Fund from $34,000,000 to a blank amount for purposes of further discussion; and
(2) Making technical, nonsubstantive amendments for purposes of clarity, consistency, 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 S.B. No. 248, S.D. 3, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 248, S.D. 3,
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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