CONFERENCE COMMITTEE REP

CONFERENCE COMMITTEE REP. NO. 155-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 1904

H.D. 1

S.D. 2

C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1904, H.D. 1, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this bill is to support our citizen-soldiers by providing for an income tax deduction of an unspecified amount for National Guard members and United States military reservists.

Your Committee on Conference has amended this bill by:

(1) Replacing the specific amount for the income tax deduction with a graduated amount;

(2) Changing the effective date to January 1, 2005; and

(3) Making technical, nonsubstantive amendments for clarity, style, and consistency.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1904, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1904, H.D. 1, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ CAL KAWAMOTO, Co-Chair		____________________________ KEN ITO, Co-Chair
____________________________ BRIAN T. TANIGUCHI, Co-Chair		____________________________ BOB NAKASONE, Co-Chair