Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1224 entitled:

begs leave to report as follows:

The purpose of this bill is to reduce processing costs by requiring the Department of Taxation to not collect or refund amounts less than $1.

The Department of Taxation, Audio Bytes Corporation, and several concerned individuals testified in support of this measure. The Tax Foundation of Hawaii provided comments.

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 H.B. No. 1224 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.