Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Judiciary, to which was referred H.B. No. 2516 entitled:

begs leave to report as follows:

The purpose of this bill is to reinstate the one-half percent general excise tax rate applied on wholesale transactions which was inadvertently repealed in Act 135, Session Laws of Hawaii 2003.

The Department of Taxation submitted testimony in support of this measure.

Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2516, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2516, H.D. 1, and be referred to the Committee on Finance.