HOUSE OF REPRESENTATIVES

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Jon Riki Karamatsu

Rep. Glenn Wakai

Rep. Sol P. Kaho`ohalahala

Rep. Thomas Waters

Rep. Michael Y. Magaoay

Rep. Kika G. Bukoski

Rep. Romy M. Mindo

Rep. Mark G. Jernigan

Rep. Bob Nakasone

Rep. Colleen R. Meyer

Rep. Scott Y. Nishimoto

Rep. Mark S. Moses

Rep. Maile S.L. Shimabukuro

NOTICE OF HEARING

DATE:

Wednesday, February 18, 2004

TIME:

2:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 1

HB 1712

RELATING TO WITHHOLDING TAX.

Provides a blank percentage for the maximum percentage allowed by law for withholding income taxes.

FIN

HB 1784

RELATING TO INCOME TAX.

Raises the income tax standard deduction and personal exemption amounts to 80% of the federal amount for 2004, 90% for 2005 and 100% for 2006 and thereafter.

FIN

HB 1911

RELATING TO INDIVIDUAL INCOME TAX.

Repeals income tax for taxpayers at lower income brackets.

FIN

HB 2511

RELATING TO INCOME TAX WITHHOLDING.

Conforms the state withholding tax remittance date for employers with an annual state withholding tax liability exceeding $40,000 to the remittance date required under the federal employment tax provisions. Changes the state remittance date from monthly to "semi-weekly".

FIN

HB 2596

RELATING TO TAXATION.

Provides for a state earned income tax credit.

FIN

HB 2604

RELATING TO TAXATION.

Provides for a state earned income tax credit for individual taxpayers filing individual income tax returns for taxable years beginning after December 31, 2003.

FIN

HB 2808

RELATING TO USE TAX OVERPAYMENT.

Extends statute of limitations where use tax duplicative payment was induced by department of taxation.

FIN

HB 2929

RELATING TO THE ESTATE AND TRANSFER TAX.

Retains the State's ability to "pick-up" the state death tax credit as it existed in the Internal Revenue Code before the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001.

FIN
     

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 35 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

 

 

________________________________________

Rep. Dwight Y. Takamine

Chair