STAND. COM. REP. NO.  607-10

Honolulu, Hawaii

                , 2010

RE:   H.B. No. 1991

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1991, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRAFFIC ABSTRACT FEE,"

begs leave to report as follows:

     The purpose of this bill is to assist in addressing the fiscal crisis facing the state and help generate additional revenue by increasing the fee for a traffic abstract from $7 to $10 and the portion deposited into the general fund from $5 to $8.

     The Judiciary testified in support of this bill.  United Services Automobile Association, Hawaii Insurers Council, and State Farm Insurance Companies opposed this measure.

     Your Committee has amended this bill by:

     (1)  Amending the increased fee for a traffic abstract and the portion of the fee deposited into the general fund to unspecified amounts; and

     (2)  Changing its effective date to July 1, 2020, to encourage further discussion.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1991, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1991, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair