STAND. COM. REP. NO. 1482
Honolulu, Hawaii
, 2005
RE: H.B. No. 1465
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred H.B. No. 1465 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose of this measure is to improve the State's Income Tax Law by clarifying that section 231-24, Hawaii Revised Statutes, shall apply to the taxes imposed on taxpayers and employers under the Income Tax Law.
Your Committee amended the measure by deleting its contents and inserting therefor provisions that increases the tax on cigarettes.
Specifically, the amended measure:
(1) Increases the state cigarette tax to 9 cents per cigarette, effective after June 30, 2006;
(2) Increases the state cigarette tax to 11 cents per cigarette, effective after June 30, 2007;
(3) Increases the state cigarette tax to 13 cents per cigarette, effective after June 30, 2008;
(4) Earmarks twenty-five per cent of the moneys collected under the cigarette tax that represent the difference between 7 cents and the additional per cigarette tax amounts imposed in each succeeding fiscal year to the general fund;
(5) Earmarks twenty-five per cent of the moneys collected under the cigarette tax that represent the difference between 7 cents and the additional per cigarette tax amounts imposed in each succeeding fiscal year to the Department of Health for health promotion and disease prevention programs authorized under section 328L-4(2), Hawaii Revised Statutes; and
(6) Earmarks fifty per cent of the moneys collected under the cigarette tax that represent the difference between 7 cents and the additional per cigarette tax amounts imposed in each succeeding fiscal year to the Hawaii Tobacco Prevention and Control Trust Fund established under section 328L-5, Hawaii Revised Statutes.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1465, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1465, S.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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