STAND. COM. REP. NO. 1157

Honolulu, Hawaii

RE:    H.B. No. 915

       H.D. 2

       S.D. 2

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B. No. 915, H.D. 2, S.D. 1, entitled:

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

begs leave to report as follows:

     The purpose and intent of this measure is to require the Director of Taxation to provide the administrator of each county's real property assessment division with an image of all certificates of conveyances filed with the Bureau of Conveyances.

     Your Committee received written comments in support of this measure from Frederick D. Pablo, Director, Department of Taxation; Gary T. Kurokawa, Administrator, Real Property Assessment Division, City and County of Honolulu; Scott K. Teruya, Administrator, Real Property Tax Division, Department of Finance, County of Maui; and Stanley A. Sitko, Administrator, Department of Finance - Real Property Tax, County of Hawaii.

     Your Committee finds that this measure will assist the counties in promptly tracking ownership, encumbrances, restrictions, uses, and sales prices of real property for the purpose of determining real property tax assessments.

     Your Committee has amended this measure by:

     (1)  Changing the time by which the Director of Taxation shall provide the administrator of each county's real property assessment division images of certificates filed from ten days after the end of each week to twenty-one business days after the end of each week; and

     (2)  Making the measure effective on July 1, 2011.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 915, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 915, H.D. 2, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair