STAND. COM. REP. NO. 1096
Honolulu, Hawaii
, 2005
RE: S.B. No. 840
S.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Economic Development & Business Concerns, to which was referred S.B. No. 840, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INCOME TAX WITHHOLDING,"
begs leave to report as follows:
The purpose of this bill is to clarify the state withholding tax provisions for employers with an annual withholding tax liability that exceeds $40,000.
The Department of Taxation testified in support of this bill. The Tax Foundation of Hawaii provided comments.
As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 840, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development & Business Concerns,
____________________________ ROBERT N. HERKES, Chair |
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