STAND. COM. REP. NO.806
Honolulu, Hawaii
, 2003
RE: S.B. No. 1629
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 1629 entitled:
"A BILL FOR AN ACT RELATING TO THE GENERAL EXCISE TAX,"
begs leave to report as follows:
The purpose of this measure is to exempt from the general excise tax:
(1) Amounts received by submanagers of condominium property regimes or nonprofit homeowners or community associations in reimbursement of sums paid for common expenses;
(2) Amounts received by the operator of a hotel from a timeshare association and disbursed for employee expenses; and
(3) Amounts received by the suboperator of a hotel from the owner of the hotel, a timeshare association, or the operator of the hotel and disbursed for employee expenses.
Your Committee finds that, at present, the general excise tax law exempts only the reimbursements for common expenses received by the manager of the condominium property regime or nonprofit homeowners or community association. Furthermore, the general excise tax law exempts only the amounts disbursed for employee expenses that are received by the operator of a hotel from the owner of the hotel.
Your Committee finds that extending the exemptions as done in this measure is necessary to treat similar entities in a like manner.
Your Committee has also amended this measure by making technical nonsubstantive changes for the purposes of clarity and style.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1629, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1629, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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