CONFERENCE COMMITTEE REP. NO. 100-14
Honolulu, Hawaii
, 2014
RE: S.B. No. 2542
S.D. 1
H.D. 1
C.D. 1
Honorable Donna Mercado Kim
President of the Senate
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Madam and Sir:
Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2542, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE DISPOSITION OF THE CONVEYANCE TAX COLLECTIONS TO THE RENTAL HOUSING TRUST FUND,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to restore the allocation of conveyance tax collections to the rental housing trust fund to fifty percent beginning July 1, 2014.
Your Committee on Conference finds that the creation of more affordable rental housing is critical to Hawaii's future. Rent costs have increased more than forty-five percent in Hawaii since 2005, and almost seventy-five percent of extremely low income households are spending more than half of their income on rent. In addition, rising housing costs are associated with increased homelessness and more local families at risk of becoming homeless. Your Committee on Conference finds that increasing the allocation of conveyance tax collections to the rental housing trust fund to fifty percent will yield significant funds which can be leveraged to build more affordable housing.
Your Committee on Conference has amended this measure by:
(1) Adding language making this measure supersede any amendments made to Section 247-7, Hawaii Revised Statutes, relating to the allocation of conveyance tax collections, by H.B. No. 2059 or H.B. No. 2101, Regular Session of 2014, if passed by the Legislature during the Regular Session of 2014 in any form;
(2) Inserting an effective date of July 1, 2014; and
(3) Making a technical, nonsubstantive amendment for the purposes of clarity and consistency.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2542, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2542, S.D. 1, H.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
|
ON THE PART OF THE HOUSE |
|
ON THE PART OF THE SENATE |
|
____________________________ MARK J. HASHEM, Co-Chair |
|
____________________________ SUZANNE CHUN OAKLAND, Chair |
|
____________________________ CINDY EVANS, Co-Chair |
|
____________________________ DAVID Y. IGE, Co-Chair |
|
____________________________ SCOTT Y. NISHIMOTO, Co-Chair |
|
|