STAND. COM. REP. NO. 749

Honolulu, Hawaii

RE:    S.B. No. 86

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 86 entitled:

"A BILL FOR AN ACT RELATING TO PUBLIC HOUSING,"

begs leave to report as follows:

     The purpose and intent of this measure is to effectively transfer the state income tax and obligations exemption for public housing agencies from the Hawaii Housing Finance and Development Corporation to the Hawaii Public Housing Authority.

     Your Committee received written comments in support of this measure from the Hawaii Public Housing Authority.

     Your Committee received written comments on this measure from the Tax Foundation of Hawaii.

     Your Committee finds that this measure is a housekeeping measure that moves the state tax exemption for income earned and obligations issued by a public housing agency from chapter 201H, Hawaii Revised Statutes, governing the Hawaii Housing Finance and Development Corporation, to chapter 356D, Hawaii Revised Statutes, governing the Hawaii Public Housing Authority.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 86 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair