STAND. COM. REP. NO.  1475

Honolulu, Hawaii

                , 2013

RE:   S.B. No. 573

      S.D. 2

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 573, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

begs leave to report as follows:

The purpose of this measure is to assist school teachers, special education teachers, school librarians, and school counselors by establishing a tax credit for specified expenses paid or incurred by such individuals for supplementary materials acquired for use in the classroom. 

The Executive Director of the Hawaii Teacher Standards Board and three concerned individuals supported this measure.  The Department of Taxation, Tax Foundation of Hawaii, and IMUAlliance offered comments on this measure.  

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 573, S.D. 2, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair