STAND. COM. REP. NO. 367-14
Honolulu, Hawaii
, 2014
RE: H.B. No. 2059
H.D. 2
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Housing, to which was referred H.B. No. 2059, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO HOUSING,"
begs leave to report as follows:
The Hawaii Housing Finance and Development Corporation, Catholic Charities Hawaii, PHOCUSED, Hawai‘i Association of Realtors, Partners in Care, Helping Hands Hawai‘i, Office for Social Ministry of the Catholic Diocese of Honolulu, Community Alliance for Mental Health, United Self Help, Hawaii Catholic Conference, Institute for Human Services, Inc., and a concerned individual supported this bill. The Chamber of Commerce of Hawaii and Building Industry Association of Hawaii opposed this bill. The Department of Budget and Finance and Tax Foundation of Hawaii provided comments.
Your Committee has amended this measure by:
(1) Specifying that 50 percent of conveyance tax revenues will be deposited into the Rental Housing Trust Fund annually beginning with fiscal year 2014-2015; and
(2) Changing its effective date to July 1, 2050, to facilitate discussion.
Your Committee respectfully requests that should your Committee on Finance choose to consider this measure, the Committee on Finance examine the impact this measure will have on the General Fund.
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. 2059, H.D. 1, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as H.B. No. 2059, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Housing,
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____________________________ MARK J. HASHEM, Chair |
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