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. 3019, S.D. 1, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to provide members of Collective Bargaining Unit 12 (Police Officers) with a health benefits tax credit in the amount of:

The Honolulu Police Department and State of Hawaii Organization of Police Officers testified in support of this bill. The Department of Taxation and Hawaii Government Employees Association opposed this measure. The Tax Foundation of Hawaii provided comments.

Your Committee has amended this bill by changing the effective date to July 1, 2010, to promote further discussion.

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. 3019, 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. 3019, S.D. 1, H.D. 2.