THE SENATE

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2011

 

COMMITTEE ON WAYS AND MEANS

Senator David Y. Ige, Chair

Senator Michelle Kidani, Vice Chair

 

NOTICE OF DECISION MAKING

 

 

DATE:

Tuesday, February 22, 2011

TIME:

11:00 a.m.

PLACE:

Conference Room 211

State Capitol

415 South Beretania Street

 

A G E N D A

 

The following measure(s) were previously heard on Thursday, February 10, 2011:

 

SB 575

        Testimony

        Status

RELATING TO TAXATION.

Exempts the first $50,000 of taxable income received by a business that is either incorporated in Hawaii or functions as a pass-through entity that incurs a minimum percentage of operational expenses in this State during the tax year.

 

WAM

SB 654

        Testimony

        Status

RELATING TO TAXATION.

Provides a temporary tax credit for residential construction and remodeling projects.  Requires a report to the legislature comparing the impact on jobs and the state budget for various tax credit applications.  Sunsets 12/31/13.

 

WAM

SB 754

        Testimony

        Status

RELATING TO TAXATION.

Amends distribution of partial payment of taxes to principal first, then penalties, then interest.

 

WAM

SB 777

        Testimony

        Status

RELATING TO PAYMENT FOR GOODS AND SERVICES.

Requires payments by governments for goods and services to be made within fifteen days of receipt of the statement or satisfactory delivery of the goods or performance of the services; if mitigating circumstances, interest begins on sixteenth day; payment required no later than forty-five days from receipt of the statement or satisfactory delivery of the goods or performance of the services.

 

WAM

SB 1356

        Testimony

        Status

RELATING TO TAXATION.

Prohibits penalties for substantial understatements or misstatements and for erroneous claims for refund or credit from being added to tax underpayments on which certain other penalties are already imposed.

 

WAM

 

 

 

 

 

Decision making meeting only, no public testimony will be accepted.

 

FOR AMENDED HEARING NOTICES:  If the notice is an amended notice, measures that have been deleted are stricken through and measures that have been added are underscored.  If there is a measure that is both underscored and stricken through, that measure has been deleted from the agenda.

 

We are now on Twitter!  Follow us at https://twitter.com/HI_Senate_WAM.  By joining Twitter, we provide real time information and updates on our scheduled committee hearings for your convenience.

 

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6800.

 

 

 

 

 

________________________________________

Senator David Y. Ige

Chair