Report Title:
Tax Review Commission
Description:
Calls for an emergency reconvening of the tax review commission in light of current economic conditions facing the state.
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
1005 |
|
TWENTY-FIFTH LEGISLATURE, 2009 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO THE TAX REVIEW COMMISSION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 232E-3, Hawaii Revised Statutes, is amended to read as follows:
"§232E-3 Duties. The commission
shall conduct a systematic review of the State's tax structure, using such
standards as equity and efficiency. Thirty days prior to the convening of the
second regular session of the legislature after the members of the commission
have been appointed, the commission shall submit to the legislature an
evaluation of the State's tax structure and recommend revenue and tax policy,
except that for the commission appointed on or before July 1, 1980, or the
replacement commission intended to function prior to the appointment of a new
commission on or before July 1, 1985, the commission shall submit the required
evaluation and recommendations to the legislature thirty days prior to the
convening of the regular session of 1985[.], and except that for the
commission appointed on or before July 1, 2005, or the replacement commission
intended to function prior to the appointment of a new commission on July 1,
2010, the commission shall reconvene to review its evaluation and
recommendations submitted to the regular session of the 2007 legislature in
light of the economic conditions facing the State at the time of the
reconvening of the commission, and thirty days prior to the convening of the
second regular session of the twenty-fifth legislature, the commission shall submit
an updated evaluation and recommendations to the legislature."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
|
INTRODUCED BY: |
_____________________________ |
|
|
|