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. 2835 entitled:

begs leave to report as follows:

The purpose of this bill is to assist low-income families and individuals by raising the low-income refundable tax credit.

The Department of Taxation and Tax Foundation of Hawaii provided comments.

Your Committee has amended this bill by:

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. 2835, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2835, H.D. 1, and be placed on the calendar for Third Reading.