HOUSE OF REPRESENTATIVES

THE TWENTY-FIFTH LEGISLATURE

REGULAR SESSION OF 2010

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Henry J.C. Aquino

Rep. Scott Y. Nishimoto

Rep. Karen Leinani Awana

Rep. Roland D. Sagum, III

Rep. Tom Brower

Rep. James Kunane Tokioka

Rep. Isaac W. Choy

Rep. Jessica Wooley

Rep. Denny Coffman

Rep. Kyle T. Yamashita

Rep. Sharon E. Har

Rep. Lynn Finnegan

Rep. Gilbert S.C. Keith-Agaran

Rep. Gene Ward

Rep. Chris Lee

 

 

NOTICE OF DECISION MAKING

 

DATE:

Friday, February 12, 2010

TIME:

4:05 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A #  2

 

The following measure(s) were previously heard on Wednesday, February 10, Agenda # 2

 

HB 1907

Status

RELATING TO TAXATION.

Temporarily suspends the income tax net operating loss carryback deduction for losses generated in 2009 and 2010.

 

FIN

HB 1948

Status

RELATING TO TAXATION.

Requires the department of taxation to provide refunds to taxpayers within 90 days or the due date of the tax, whichever occurred first.

 

FIN

HB 2285

Status

RELATING TO ESTATE AND TRANSFER TAX.

Retains the State's ability to "pick-up" the state death tax credit as it existed in the Internal Revenue Code before the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001.

 

FIN

HB 2313

Status

RELATING TO TAXATION.

Repeals the income tax provision that requires the reporting of gambling winnings but not losses.

 

FIN

HB 2596

Status

RELATING TO TAX CREDITS.

Provides for the statutory ordering of income tax credits, which requires the claiming of refundable credits first, followed by nonrefundable credits.

 

FIN

HB 2868

Status

RELATING TO TAXATION.

Places a cap on itemized deductions claimed on state income tax returns.  Applies to taxable years beginning after 12/31/09 and sunsets on 12/31/15.

 

FIN

HB 2869

Status

RELATING TO TAX DEDUCTIONS.

Adopts the federal tax deduction limitation with modifications.

 

FIN

HB 2870

Status

RELATING TO TAXATION.

Removes the refunding feature of the capital goods excise tax credit from 01/01/10 to 12/31/15.

 

FIN

HB 2890

Status

RELATING TO TAXATION.

Imposes the income tax on a lessor of real property for capital improvements made by a lessee upon the termination of a lease.

 

FIN

 

 

 

NO TESTIMONY WILL BE ACCEPTED.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements.  Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

For further information, please call the Committee Clerk at 586-6200.

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 550-8074.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair