HOUSE OF REPRESENTATIVES

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2007

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Della Au Belatti

Rep. Faye P. Hanohano

Rep. John Mizuno

Rep. James Kunane Tokioka

Rep. Tom Brower

Rep. Sharon E. Har

Rep. Bob Nakasone

Rep. Karen Leinani Awana

Rep. Mele Carroll

Rep. Michael Y. Magaoay

Rep. Karl Rhoads

Rep. Colleen Rose Meyer

Rep. Pono Chong

Rep. Joey Manahan

Rep. Roland D. Sagum, III

Rep. Gene Ward, Ph.D.

 

NOTICE OF DECISION MAKING

 

DATE:

TUESDAY, February 27, 2007

TIME:

5:44 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A  # 8

 

DECISION MAKING ON LY ON THE FOLLOWING BILLS PREVIOUSLY HEARD

 

HEARD ON WEDNESDAY, FEBRUARY 7, AGENDA # 3:

 

HB 1419

RELATING TO ARTICLE VII, SECTION 6, OF THE CONSTITUTION OF THE STATE OF HAWAII.

Provides for the Constitutionally mandated income tax refund or credit when the state general fund balance at the close of each of two successive fiscal years exceeds 5% of general fund revenues for each of the two fiscal years.

 

FIN

HB 1434

RELATING TO INCOME TAX CREDIT.

Provides a mandatory tax credit to taxpayers pursuant to article VII, section 6 of the Constitution of the State of Hawaii.

 

FIN

HB 1491

RELATING TO INCOME TAX CREDIT.

Extends the period to claim the low-income household renter's tax credit from twelve to thirty-six months.

 

FIN

HB 1487

RELATING TO LOW-INCOME REFUNDABLE TAX CREDIT.

Extends the period to claim the low-income tax credit from twelve to thirty-six months.

 

FIN

HB 501

RELATING TO LOW-INCOME REFUNDABLE TAX CREDIT.

Increases the low-income refundable tax credit.

 

FIN

HB 1799

RELATING TO TAXATION.

Provides for a state earned income tax credit.

 

FIN

 

 

 

HEARD ON WEDNESDAY, FEBRUARY 7, AGENDA # 4:

 

HB 707

RELATING TO GENERAL EXCISE TAX.

Provides a sliding tax credit for the purchase of food based on a taxpayer's adjusted gross income.

 

FIN

HB 1410

RELATING TO AN EXEMPTION FROM THE GENERAL EXCISE TAX.

Exempts from the GET the sale of food qualifying under WIC Program administered by the federal Food and Nutrition Service of the US Department of Agriculture

 

FIN

HB 502

RELATING TO TAX EXEMPTIONS.

Increases the personal tax exemption to $1,400 in 2007, $1,700 in 2008, and $2,000 in 2009 and thereafter.

 

FIN

HB 881

RELATING TO COST OF LIVING ADJUSTMENTS TO INCOME TAX RATES AND STANDARD DEDUCTION AND PERSONAL EXEMPTION AMOUNTS.

Provides for the assessment of tax rates and computation of the standard deduction and personal exemption based on inflation.

 

FIN

HB 238

RELATING TO THE SALE OF REAL PROPERTY.

Increases the tax on the disposition of real property by a non-resident seller.

 

FIN

 

AS THIS IS A DECISION MAKING MEETING ONLY, NO PUBLIC TESTIMONY WILL BE ACCEPTED.

 

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

 

SELECTED HEARINGS ARE BROADCAST  LIVE.  CHECK THE CURRENT LEGISLATIVE BROADCAST SCHEDULE ON THE "CAPITOL TV" WEB SITE AT WWW.CAPITOLTV.ORG OR CALL 550-8074 FOR A LISTING.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair