STAND. COM. REP. NO.  1664

Honolulu, Hawaii

                , 2013

RE:   H.R. No. 127

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 H.R. No. 127 entitled:

"HOUSE RESOLUTION REQUESTING A STUDY OF THE FAIRNESS OF HAWAII TAXATION LAW WITH REGARD TO ITEMIZED DEDUCTIONS, ESPECIALLY IN LIGHT OF THE RECENT ENACTMENT OF THE AMERICAN TAXPAYER RELIEF ACT OF 2012,"

begs leave to report as follows:

The purpose of this measure is to request a study of the fairness of Hawaii tax law with regard to itemized deductions.

The Department of Taxation opposed 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 concurs with the intent and purpose of H.R. No. 127 and recommends its adoption.

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

____________________________

SYLVIA LUKE, Chair