THE SENATE

Temporarily places a cap on itemized deductions claimed on state income tax returns until January 1, 2016. Applies to taxable years beginning after December 31, 2010. Effective retroactive to January 1, 2011. (HB794 HD1)

WAM

HB 1179, HD3

(HSCR869)

Testimony

Status

RELATING TO INVESTMENTS.

Establishes an Advisory Committee on Short-term Investments administratively attached to the Department of Budget and Finance to assist the Director of Finance in making short-term investments. Establishes additional requirements in the management of the short-term investments. Allows for the operation of the short-term investment pool under contract with a private investment advisor or advisors. Effective July 1, 2112. (HB1179 HD3)

WAM

RELATING TO THE LEGISLATIVE FEDERAL ECONOMIC STIMULUS PROGRAM OVERSIGHT COMMISSION.

Extends the date on which the legislative federal economic stimulus program oversight commission is terminated from 06/30/11 to 12/31/11.

WAM

RELATING TO THE PROGRESSIVE TAX REFORM TASK FORCE.

Establishes a task force within the Department of Taxation to reform Hawaii's tax laws. (HB1319 HD1)

WAM

Decision Making to follow, if time permits.

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.

Persons wishing to testify should submit testimony in one of the following ways by 4:00 p.m. the day prior to the hearing:

· By Email: Testimony may be emailed if less than 5 pages in length, to the Committee at WAMTestimony@Capitol.hawaii.gov . Please indicate the measure, date and time of the hearing. Email sent to individual offices or any other Senate office will not be accepted.

· By Web: Testimony may be submitted online if less than 4MB in size, at http://www.capitol.hawaii.gov/emailtestimony.

· In person: 1 copy of their testimony to the committee clerk, Room 215, State Capitol.

· By fax: Testimony may be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to which committee the testimony is being submitted and the date and time of the hearing.

Please note: If you submit your written testimony after 4:00 p.m. the day prior to the hearing, please sign-in at the staff table to testify orally. A copy of your testimony may not be available during the hearing but will be posted online for the public after the hearing.

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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.

Please note: All testimony received by the Hawaii Senate will be posted on the Hawaii Legislature's Website. Documents made available through the Testimony hyperlink(s) above may not be posted until the start of the hearing.

Public Folder. A folder labeled “Public Folder” containing the testimonies for the hearing will be available for shared use by members of the public.

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

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Senator David Y. Ige

Chair