STAND. COM. REP. NO. 28
Honolulu, Hawaii
RE: S.B. No. 696
S.D. 1
Honorable Donna Mercado Kim
President of the Senate
Twenty-Eighth State Legislature
Regular Session of 2015
State of Hawaii
Madam:
Your Committee on Judiciary and Labor, to which was referred S.B. No. 696 entitled:
"A BILL FOR AN ACT RELATING TO INCOME TAX CREDITS,"
begs leave to report as follows:
The purpose and intent of this measure is to create an income tax credit for employers who allow their employees to telecommute.
Your Committee received comments on this measure from the Department of Taxation.
Your Committee finds that providing a tax credit would encourage employers to allow employees to work via telecommuting.
Your Committee has amended this measure by:
(1) Removing section 1;
(2) Amending section 2 by:
(A) Deleting the proposed paragraphs 235- (a)(1) and (a)(3), Hawaii Revised Statutes;
(B) Deleting references to "attainment areas" and "non-attainment areas";
(C) Deleting language that would have capped the aggregate amounts of tax credits to be approved and references thereto; and
(D) Leaving a blank percentage for the tax credit to encourage consideration by the Committee on Ways and Means should they schedule this measure for further hearing;
(3) Inserting an effective date of January 7, 2059, to encourage further discussion; and
(4) Making technical, nonsubstantive amendments for the purposes of clarity and consistency.
As affirmed by the record of votes of the members of your Committee on Judiciary and Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 696, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 696, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Labor,
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________________________________ GILBERT S.C. KEITH-AGARAN, Chair |
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