STAND. COM. REP. NO. 198-12
Honolulu, Hawaii
, 2012
RE: H.B. No. 1694
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Sir:
Your Committee on Economic Revitalization & Business, to which was referred H.B. No. 1694 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
Your Committee respectfully requests that the Committee on Finance further examine the discussion between an economic nexus and affiliate nexus tax as it relates to this measure.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 2112, to facilitate further discussion; and
(2) Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1694, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1694, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,
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____________________________ ANGUS L.K. McKELVEY, Chair |
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