STAND. COM. REP. NO.  428-12

Honolulu, Hawaii

                , 2012

RE:   H.B. No. 812

      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 Committees on Economic Revitalization & Business and Labor & Public Employment, to which was referred H.B. No. 812 entitled:

"A BILL FOR AN ACT RELATING TO UNEMPLOYMENT COMPENSATION,"

beg leave to report as follows:

The purpose of this measure is to temporarily exempt unemployment compensation from the Hawaii income tax.

The Department of taxation provided comments on 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 the purposes of clarity, consistency, and style.

     As affirmed by the records of votes of the members of your Committees on Economic Revitalization & Business and Labor & Public Employment that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 812, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 812, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Economic Revitalization & Business and Labor & Public Employment,

____________________________ KARL RHOADS, Chair

____________________________ ANGUS L.K. McKELVEY, Chair