STAND. COM. REP. NO. 780
Honolulu, Hawaii
, 2005
RE: H.B. No. 1721
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. 1721 entitled:
"A BILL FOR AN ACT RELATING TO LOW-INCOME HOUSEHOLD RENTERS,"
begs leave to report as follows:
The purpose of this bill is to assist low-income household renters by:
(1) Conforming the definition of "adjusted gross income" with federal provisions; and
(2) Increasing the qualifying adjusted gross income for the income tax credit for low-income household renters from $30,000 to $35,000.
A concerned individual testified in support of this bill. The Department of Taxation and 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. 1721 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT TAKAMINE, Chair |
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