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. 2511, S.D. 1, entitled:

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 conform the state withholding tax remittance due date for employers with an annual state withholding tax liability that exceeds $20,000 per year to the remittance due date required under federal employment tax provisions. This bill also changes the state remittance due date from monthly to "semi-weekly" and lowers the electronic funds transfer threshold amount for withholding taxes to amounts that exceed $20,000.

Your Committee on Conference has amended this bill by increasing the withholding threshold from $20,000 to $40,000.

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. 2511, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2511, S.D. 1, C.D. 1.