Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1794 entitled:

begs leave to report as follows:

The purpose of this bill is to provide income tax relief by adjusting the state income tax brackets.

The Governor's Policy Office, Department of Taxation, and National Federation of Independent Business-Hawaii testified in support of this bill. The Tax Foundation of Hawaii submitted comments.

Your Committee has amended this measure by changing its effective date to July 1, 2020, to facilitate further discussion.

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. 1794, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1794, H.D. 1, and be placed on the calendar for Third Reading.