Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred S.B. No. 2013 entitled:

begs leave to report as follows:

The purpose of this measure is to extend the claiming period for the low-income household renters tax credit from twelve to thirty-six months.

Testimony in support of the measure was submitted by a concerned individual. The Department of Taxation submitted comments.

Your Committee finds that the amendment made by this measure will enable unsophisticated taxpayers to claim a credit to which they are entitled in a timely manner, rather than being disqualified from submitting an amended tax return.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2013 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.