Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 57 entitled:

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Department of Taxation to conduct a study to determine a retail sales tax rate sufficient to replace the State income, general excise, and fuel taxes.

The Department of Taxation supported the intent of this measure with comments. The League of Women Voters of Hawaii and the Retail Merchants of Hawaii submitted testimony in opposition. The Tax Foundation of Hawaii commented on this measure.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 57 and recommends its adoption.