STAND. COM. REP. NO.  1228-10

Honolulu, Hawaii

                , 2010

RE:   S.B. No. 2610

      H.D. 1

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 S.B. No. 2610 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to increase government efficiency by requiring the Director of Taxation to provide the county real property assessment divisions with an image of all certificates of conveyance filed with the Bureau of Conveyances.

     The City and County of Honolulu and County of Kauai supported this bill.  The Department of Taxation opposed this measure.

     Your Committee has amended this bill by changing the effective date to July 1, 2020, to facilitate 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 S.B. No. 2610, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2610, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair