STAND. COM. REP. NO.  608-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2988

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Public Safety & Military Affairs, to which was referred H.B. No. 2988 entitled:

"A BILL FOR AN ACT RELATING TO TAX CREDITS,"

begs leave to report as follows:

     The purpose of this bill is to honor the sacrifices made by those who serve this country in the armed forces by providing a $1,000 tax credit to Hawaii National Guard members who have been ordered into federal active duty for at least 180 consecutive days, including at least 30 days in a combat zone or qualified hazardous duty area.

     The Department of Taxation and a concerned individual supported this bill.  The Department of Defense supported the intent of this measure.  The Tax Foundation of Hawaii submitted comments.

     As affirmed by the record of votes of the members of your Committee on Public Safety & Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2988 and recommends that it pass Second Reading and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Public Safety & Military Affairs,

____________________________

CINDY EVANS, Chair