STAND. COM. REP. NO. 2767
Honolulu, Hawaii
RE: S.B. No. 2150
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 2150 entitled:
"A BILL FOR AN ACT RELATING TO BOATING,"
begs leave to report as follows:
The purpose of this measure is to provide financial support for the repair and maintenance of small boat harbors.
Specifically, this bill dedicates ten per cent of the general excise tax revenues received from the direct revenues generated by the ocean recreation industry during the preceding fiscal year to be deposited into the boating special fund. The bill defines "revenues generated by the ocean recreation industry" as including taxable revenues generated by a list of specific businesses.
Upon further consideration, your Committee has amended this bill by:
(1) Changing the percentage of general excise tax revenues received from the direct revenues generated by the ocean recreation industry to be deposited into the boating special fund from ten per cent to an unspecified percentage;
(2) Making a conforming amendment to law that allows the boating special fund to accept deposits from the general excise tax remittances;
(3) Changing the effective date of the Act from July 1, 2006, to July 1, 2060; and
(4) Making technical nonsubstantive amendments for the purpose of clarity.
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 S.B. No. 2150, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2150, S.D. 1.
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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