STAND. COM. REP. NO. 866-04
Honolulu, Hawaii
, 2004
RE: S.B. No. 2983
S.D. 2
H.D. 1
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 S.B. No. 2983, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL REVENUE CODE,"
begs leave to report as follows:
The purpose of this bill is to conform Hawaii's income tax law to changes in the Internal Revenue Code as required under section 235-2.5, Hawaii Revised Statutes.
The Department of Taxation testified in support of this bill. The Tax Foundation of Hawaii submitted comments.
Your Committee has amended this measure by:
(1) Inserting language to also conform Hawaii's income tax law to the tax filing deadline extensions provided by the Military Family Tax Relief Act of 2003; and
(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2983, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2983,
S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||