STAND. COM. REP. NO. 1069
Honolulu, Hawaii
RE: H.B. No. 1414
H.D. 1
S.D. 1
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Madam:
Your Committee on Economic Development and Taxation, to which was referred H.B. No. 1414, H.D. 1, entitled:
"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION FOR DEPARTMENT OF TAXATION COUNTY SURCHARGE IMPLEMENTATION COSTS,"
begs leave to report as follows:
The purpose of this measure is to authorize an emergency appropriation for the costs incurred in administering the county surcharge on state general excise tax.
Testimony in support of this measure was submitted by the Department of Taxation (Department) and the City and County of Honolulu Department of Budget and Fiscal Services.
Your Committee previously heard S.B. No. 1500, which is a companion to this measure.
Your Committee has heard the concerns of the Department regarding additional anticipated expenditures, which would raise the emergency appropriation from the original request of $4,500,000 to $5,000,000. However, the Department has not submitted any information detailing these costs. Until that information is received, your Committee has amended this measure by:
(1) Reducing the appropriation from $5,000,000 to $4,500,000; and
(2) Changing the expenditure ceiling percentage from 0.093 to 0.084 to reflect the change.
As affirmed by the record of votes of the members of your Committee on Economic Development and Taxation that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1414, H.D. 1, as amended herein, and recommends that it be referred to the Committee on Ways and Means, in the form attached hereto as H.B. No. 1414, H.D. 1, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Taxation,
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____________________________ CAROL FUKUNAGA, Chair |
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