Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Housing, to which was referred H.B. No. 1381 entitled:

begs leave to report as follows:

The purpose of this bill is to extend the time period for taxpayers to claim the income tax credit for low-income household renters from 12 months to 36 months following the tax year for which the credit may be claimed.

An individual testified in support of this bill. The Department of Taxation and the Tax Foundation of Hawaii offered comments.

As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1381 and recommends that it pass Second Reading and be referred to the Committee on Finance.