STAND. COM. REP. NO. 598-12
Honolulu, Hawaii
, 2012
RE: H.B. No. 2144
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 Housing, to which was referred H.B. No. 2144 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
Recognizing the confidential nature of some of the reporting provisions contained in the measure, your Committee has amended this measure by deleting provisions that require the Department of Taxation to submit information regarding:
(1) Individual exemptions awarded;
(2) The criteria under which individuals or entities qualified for the exemption; and
(3) How long each individual or entity has been exempt,
and instead has amended this measure to require the Department of Taxation to submit a report to the Legislature and the Hawaii Housing Finance and Development Corporation on the general excise tax exemptions granted for development of low-income housing and affordable rental housing during the taxable year beginning after December 31, 2010, as well as a listing of all exemptions awarded and the duration of all exemptions awarded.
As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2144, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2144, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Housing,
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____________________________ RIDA T.R. CABANILLA, Chair |
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