Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 2470, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to make it easier for tenants to file an application for a low-income tax credit by requiring landlords to include their general excise tax number on the first page of the rental agreement.

The Office of Consumer Protection of the Department of Commerce and Consumer Affairs and Department of Taxation supported this bill with an amendment. The Hawaii Association of Realtors opposed this bill.

Your Committee respectfully requests the Committee on Finance to consider the amendment recommended, that concerns the correct terminology to be used when referring to the general excise tax number.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2470, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.