STAND. COM. REP. NO.  1552-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 2118

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2118, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CAMPAIGN SPENDING,"

begs leave to report as follows:

The purpose of this measure is to make housekeeping amendments to partial public campaign financing laws by:

(1)  Requiring candidates who voluntarily agreed to limit campaign expenditures but exceed the expenditure limit for that election to provide notice to the Office of Elections, rather than the Chief Election Officer; and

(2)  Repealing provisions relating to an obsolete income tax deduction for campaign contributions.

The Office of Elections supported this measure.  The Department of Taxation and Campaign Spending Commission commented 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. 2118, 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