HOUSE OF REPRESENTATIVES

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Mele Carroll

Rep. Clift Tsuji

Rep. Pono Chong

Rep. Glenn Wakai

Rep. Cindy Evans

Rep. Ryan I. Yamane

Rep. Jon Riki Karamatsu

Rep. Kyle T. Yamashita

Rep. Marilyn B. Lee

Rep. Galen Fox

Rep. Michael Y. Magaoay

Rep. Colleen Rose Meyer

Rep. Bob Nakasone

Rep. Mark S. Moses

Rep. Scott Y. Nishimoto

Rep. Kymberly N. Pine

Rep. Kameo Tanaka

NOTICE OF HEARING

DATE:

Wednesday, February 16, 2005

TIME:

3:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 1

HB 38

RELATING TO INCOME TAX.

Conforms Hawaii income tax law to federal optional state sales tax law.

FIN

HB 93

RELATING TO INCOME TAX.

Raises the state income tax standard deduction and personal exemption rates over the next three years to 60% and 50%, respectively, of the federal standard deduction and personal exemption rates.

FIN

HB 957

RELATING TO TAXATION.

Provides for a state earned income tax credit.

FIN

HB 91

RELATING TO STATE EDUCATIONAL FACILITIES IMPROVEMENT SPECIAL FUND.

Reduces the amount of general excise tax revenues deposited into the state educational facilities improvement special fund by the amount of certificates of participation authorized for that fiscal year.

FIN

HB 487

RELATING TO TAXATION.

Allows the counties to access State tax information.

FIN

HB 733

RELATING TO WITHHOLDING OF TAX ON THE DISPOSITION OF REAL PROPERTY BY NONRESIDENT PERSONS.

Clarifies that where a limited liability company formed or registered consists of a single member and the limited liability company has not elected to be taxed as a corporation, the limited liability company will not be included in the Hawaii Real Property Tax Act.

FIN

HB 1162

RELATING TO LIQUOR TAX.

Amends the definition of "cooler beverage" to mean any liquor containing less than 7% alcohol by volume to which non-beverage flavorings, juices, water (plain, carbonated, or sparkling), colorings, or preservatives are added.

FIN

HB 1224

RELATING TO TAXATION.

Requires the department of taxation not to collect or refund amounts of less than $1.

FIN

HB 1720

RELATING TO THE GENERAL EXCISE TAX.

Requires DBEDT and DoTax to perform biennial reviews, quantifying and reporting on the exemptions and exclusions from the general excise tax and recommending whether the benefits justify the cost. Requires disclosure of individuals and companies receiving exemptions and waives confidentiality.

FIN

HB 1721

RELATING TO LOW-INCOME HOUSEHOLD RENTERS.

Changes the definition of "adjusted gross income" to coincide with the federal adjusted gross income and increases the qualifying adjusted gross income level from $30,000 to $35,000.

FIN
     

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 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 ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH 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 Takamine

Chair