STAND. COM. REP. NO. 215-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 1732
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 1732 entitled:
"A BILL FOR AN ACT RELATING TO TAXES,"
begs leave to report as follows:
The purpose of this bill is to provide employers with a tax credit incentive for implementing programs that assist their employees with their substance abuse problems.
Hawaii Medical Service Association testified in support of this measure. The Department of Taxation supported the intent of this measure, but opposed the bill as written. The Tax Foundation of Hawaii offered comments on this measure.
Your Committee has amended this bill by:
(1) Removing all percentage and dollar amounts to facilitate further discussion;
(2) Adding provisions that are standard to a tax credit bill such as:
(a) Prohibiting the taxpayer from claiming other income tax credits for the same costs;
(b) Putting a 12-month limit on the time in which the credit can be claimed; and
(c) Clarifying the authority of the Director of Taxation to prepare forms, require proof, and adopt procedures;
(3) Removing redundant provisions; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1732, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1732, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,
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____________________________ BRIAN SCHATZ, Chair |
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