HOUSE OF REPRESENTATIVES

THE TWENTY-EIGHTH LEGISLATURE

REGULAR SESSION OF 2016

 

COMMITTEE ON FINANCE

Rep. Sylvia Luke, Chair

Rep. Scott Y. Nishimoto, Vice Chair

 

Rep. Romy M. Cachola

Rep. Matthew S. LoPresti

Rep. Ty J.K. Cullen

Rep. Nicole E. Lowen

Rep. Lynn DeCoite

Rep. Richard H.K. Onishi

Rep. Aaron Ling Johanson

Rep. James Kunane Tokioka

Rep. Jo Jordan

Rep. Kyle T. Yamashita

Rep. Jarrett Keohokalole

Rep. Feki Pouha

Rep. Bertrand Kobayashi

Rep. Gene Ward

 

NOTICE OF HEARING

 

DATE:

Tuesday, March 22, 2016

TIME:

2:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A

 

SB 2921

(SSCR2663)

Status

RELATING TO CONFORMITY TO THE INTERNAL REVENUE CODE.

Conforms Hawaii income and estate and generation-skipping transfer tax laws to the Internal Revenue Code of 1986, as amended as of December 31, 2015, and makes technical, nonsubstantive amendments.

 

FIN

SB 2925, SD1

(SSCR2677)

Status

RELATING TO TAX ADJUSTMENTS.

Amends section 235-101, HRS, to specify that the untimely filing of an amended federal income tax return does not reopen the Hawaii statute of limitations for claiming a tax refund.

 

FIN

SB 2547, SD1

(SSCR2733)

Status

RELATING TO TAXATION.

Requires the Auditor to periodically review certain exemptions, exclusions, and credits under the general excise and use taxes, public service company tax, and insurance premium tax.  Assesses a fee on taxpayers who file returns and benefit from an exemption, exclusion, or credit.  Requires the deposit of the fees collected into the audit revolving fund.  Effective 1/1/2017.

 

FIN

SB 2922

(SSCR2086)

Status

RELATING TO THE TAX REVIEW COMMISSION.

Provides a measure for extending the reporting date of the 2015-2017 tax review commission and appropriates $250,000 for fiscal year 2016-2017 for the commission.

 

FIN

SB 2923, SD1

(SSCR2734)

Status

RELATING TO TAX ADMINISTRATION.

Imposes interest on unpaid penalties and fines.  Requires filing with tax appeal court a notice of transfer upon transfer of appeal to tax appeal court.  Amends rate of interest on amounts paid out of litigated claims fund.

 

FIN

SB 2542, SD2

(SSCR2610)

Status

RELATING TO REPAIR AND MAINTENANCE.

Establishes a full funding policy and budgetary procedures for routine repair and maintenance of state facilities, including judiciary-owned facilities.

 

FIN

SB 2550

(SSCR2503)

Status

RELATING TO FEDERAL FUNDS.

Requires the office of the governor to prepare a federal funding policy study for the State of Hawaii.  Requires an interim report to be submitted before the 2017 regular session and the final study to be submitted before the 2018 regular session.  Makes an appropriation.  Effective 7/1/2016.

 

FIN

SB 2555

(SSCR2662)

Status

RELATING TO STATE FUNDS.

Appropriates moneys from the general revenues into the Emergency and Budget Reserve Fund in FY 2015-2016 to comply with article VII, section 6, of the Hawaii State Constitution, which requires, under certain economic conditions, that the legislature provide a tax credit to state taxpayers or make a deposit into one or more funds.

 

FIN

SB 2845

(SSCR2569)

Status

MAKING APPROPRIATIONS TO REPAY GENERAL FUND CASH ADVANCES.

Makes general fund appropriations for fiscal year 20162017 to repay prior general fund cash advances of $89,900,000 for the purchase of lands of the former Kapalama Military Reservation and of $13,300,000 for the Hawaii Health Systems Corporation.

 

FIN

SB 2844, SD2

(SSCR2799)

Status

RELATING TO DISPOSITION OF EXCESS REVENUES.

Re-appropriates $1,000,000 in general funds to the emergency and budget reserve fund for fiscal year 2015-2016.

 

 

FIN

SB 2250

(SSCR2563)

Status

RELATING TO COUNTIES.

Allows the counties to make short term investments with similar authority as the state director of finance.  Requires counties' investments in bonds of any improvement district to be of investment grade or supported by the general obligation pledge of the county in which the improvement district is located.

 

FIN

HCR 154 / HR 106 /

Status / Status

REQUESTING THE LEGISLATIVE REFERENCE BUREAU TO EVALUATE THE ESTABLISHMENT OF SEPARATE MEDICAL AND PENSION BENEFIT PLANS FOR JUSTICES AND JUDGES.

 

FIN

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing.  Testimony should indicate:

·     Testifier's name with position/title and organization;

·     The Committee(s) to which the comments are directed;

·     The date and time of the hearing; and

·     Measure number. 

 

While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, may be distributed to the Committee after the hearing.

 

Submit testimony in ONE of the following ways:

PAPER:  3 copies to Room 306 in the State Capitol;

FAX:       For testimony less than 5 pages in length, transmit to 1-800-535-3859 (for Neighbor Islander without a computer to submit testimony through e-mail or the Web); or

WEB:     For testimony less than 10MB in size, transmit from http://www.capitol.hawaii.gov/submittestimony.aspx.

 

Testimony submitted will be placed on the legislative website.  This public posting of testimony on the website should be considered when including personal information in your testimony.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements.  Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" website at www.capitoltv.org or call 536-2100.

 

 

 

 

________________________________________

Rep. Sylvia Luke

Chair