THE SENATE
THE TWENTY-FIFTH LEGISLATURE
REGULAR SESSION OF 2010
COMMITTEE ON WAYS AND MEANS
Senator Donna Mercado Kim, Chair
Senator Shan S. Tsutsui, Vice-Chair
MEASURES DEFERRED TO TUESDAY, MARCH 23, 2010
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DATE:
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Tuesday, March 23, 2010
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TIME:
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10:00 AM
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PLACE:
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Conference Room 211
State Capitol
415 South Beretania Street
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DECISION MAKING ON THE
FOLLOWING MEASURE(S):
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HB1907
HD1
(HSCR518-10)
Testimony
Status
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RELATING TO TAXATION.
Temporarily suspends the income tax net operating loss carryback deduction
for losses generated in 2009 and 2010. 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. Removes the refunding feature of the
capital goods excise tax credit from 01/01/10 to 12/31/15. Effective July 1,
2020. (HB1907 HD1)
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WAM
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HB2186
HD1
(HSCR522-10)
Testimony
Status
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RELATING TO IMPROPER PAYMENTS ELIMINATION AND RECOVERY.
Establishes procedures to eliminate and recover improper payments made by a
State agency, State contractor, State grantee, or a governmental or other
organization administering a State program or activity, to any non-State
person or entity. Requires the head of each agency to conduct a financial
management improvement program and additional reporting requirements for
State agencies consistent with rules prescribed by the Director of Finance.
Effective July 1, 2020. (HB2186 HD1)
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WAM
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HB2594
HD2
(HSCR523-10)
Testimony
Status
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RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE
INTERNAL REVENUE CODE.
Conforming amendments to the Hawaii income tax law based upon amendments to
the Internal Revenue Code for calendar year 2009. (HB2594 HD2)
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WAM
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HB2866
HD1
(HSCR530-10)
Testimony
Status
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RELATING TO TAXATION.
Retains the State's ability to "pick-up" the state death tax credit
as it existed in the Internal Revenue Code on December 31, 2009. (HB2866
HD1)
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WAM
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No testimony will be accepted.
FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-587-7200.