HOUSE OF REPRESENTATIVES
THE TWENTY-SIXTH LEGISLATURE
REGULAR SESSION OF 2011
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COMMITTEE ON FINANCE |
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Rep. Marcus R. Oshiro, Chair |
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Rep. Marilyn B. Lee, Vice Chair |
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Rep. Pono Chong |
Rep. Chris Lee |
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Rep. Isaac W. Choy |
Rep. Dee Morikawa |
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Rep. Denny Coffman |
Rep. James Kunane Tokioka |
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Rep. Ty Cullen |
Rep. Kyle T. Yamashita |
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Rep. Sharon E. Har |
Rep. Barbara C. Marumoto |
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Rep. Mark J. Hashem |
Rep. Gil Riviere |
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Rep. Linda Ichiyama |
Rep. Gene Ward |
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Rep. Jo Jordan |
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NOTICE OF HEARING
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DATE: |
Wednesday, March 23, 2011 |
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TIME: |
2:30 P.M. |
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PLACE: |
Conference Room 308 State Capitol 415 South Beretania Street |
A G E N D A # 2
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RELATING TO TAXATION. Repeals Act 155, Session Laws of Hawaii 2010, which requires all businesses with excise tax exemptions to register to do business in Hawaii, file their tax returns in a timely manner, and expressly claim their entitlement and creates a personal trust liability for businesses that use the general excise tax as the basis for increasing their prices, and ensures that those funds are paid to the State for the benefit of consumers and businesses. Effective 7/1/2050.
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RELATING TO USE TAX. Clarifies the current application of the use tax exemption for certain interstate commerce activities by repealing overbroad and redundant language in the use tax law.
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RELATING TO TAXATION. Prohibits penalties for wilful failure to collect and pay over taxes, substantial understatements or misstatements, and erroneous claims for refund or credit from being added to tax underpayments on which certain other penalties are already imposed.
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RELATING TO TOBACCO PRODUCTS. Imposes an excise tax on tobacco products other than cigarettes, little cigars, and large cigars. Imposes an excise tax on bulk and small quantity purchases of tobacco products and cigars. Requires a portion of the tax to be expended for tobacco prevention programs and services. Effective 7/1/2050.
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RELATING TO THE EMERGENCY AND BUDGET RESERVE FUND. Makes emergency appropriations from the emergency and budget reserve fund and makes technical corrections to Act 191, Session Laws of Hawaii 2010, to permit the awarding of grants to specified organizations. Extends the lapse date of Act 191's appropriations from 6/30/11 to 6/30/12.
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DECISION MAKING TO FOLLOW
Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing with a transmittal cover indicating:
· Testifier's name with position/title and organization;
· The Committee the comments are directed to;
· The date and time of the hearing;
· Measure number; and
· The number of copies the Committee is requesting.
While every effort will be made to copy, organize, and collate all testimony received, materials received on the day of the hearing or improperly identified or directed to the incorrect office, may be distributed to the Committee after the hearing.
Submit testimony in ONE of the following ways:
PAPER: 2 copies to Room 306 in the State Capitol;
FAX: For comments less than 5 pages in length, transmit to 586-6001 (Oahu) or 1-800-535-3859 (for Neighbor Islanders without a computer to submit testimony through e-mail or the Web); or
WEB: For comments less than 4MB in size, transmit from the Web page at http://www.capitol.hawaii.gov/emailtestimony.
Testimony submitted will be placed on the Legislative Web site after the hearing adjourns. This public posting of testimony on the Web site should be considered when including personal information in your testimony.
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.
Selected meetings are broadcast live. Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 536-2100.
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________________________________________ Rep. Marcus R. Oshiro Chair |