STAND. COM. REP. NO. 2438
Honolulu, Hawaii
RE: S.B. No. 2605
S.D. 1
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2008
State of Hawaii
Madam:
Your Committees on Judiciary and Labor and Economic Development and Taxation, to which was referred S.B. No. 2605 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
beg leave to report as follows:
The purpose of this measure is to increase the election fund contribution amount on state income tax returns for campaign spending purposes.
Specifically, the measure increase the income tax check off amount that authorizes a taxpayer's tax liability payment to be deposited into the Hawaii Election Campaign Fund from $2 to $5.
Your Committees received testimony in support of this measure from the Campaign Spending Commission, and the Americans for Democratic Action, Hawaii Chapter. The State Department of Taxation took no position on this measure.
Your Committees have amended this measure by changing the amount by which the existing income tax check off is to be increased from $5 to $3. Your Committees have also amended the measure by inserting a defective date to promote further discussion.
As affirmed by the records of votes of the members of your Committees on Judiciary and Labor and Economic Development and Taxation that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2605, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 2605, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committees on Judiciary and Labor and Economic Development and Taxation,
____________________________ CAROL FUKUNAGA, Chair |
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____________________________ BRIAN T. TANIGUCHI, Chair |
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