STAND. COM. REP. NO. 1229-04
Honolulu, Hawaii
, 2004
RE: S.B. No. 2994
S.D. 1
H.D. 2
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. 2994, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE USE TAX,"
begs leave to report as follows:
The purpose of this bill is to ensure the proper application of the use tax law by:
(1) Clarifying that the use tax applies to sellers importing goods, however owned or acquired, for sale or resale in the State, regardless of the place where title to the goods passes to the purchaser; and
(2) Requiring sellers not subject to the use tax on imported property to collect the use tax from purchasers of the property.
The Department of Taxation testified in support of this bill. The Tax Foundation of Hawaii provided comments.
Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity 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. 2994, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2994, S.D. 1, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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