THE SENATE
THE TWENTY-EIGHTH LEGISLATURE
REGULAR SESSION OF 2016

COMMITTEE ON WAYS AND MEANS
Senator Jill N. Tokuda, Chair
Senator Donovan M. Dela Cruz, Vice-Chair

MEASURES DEFERRED TO WEDNESDAY, FEBRUARY 17, 2016

DATE:

Wednesday, February 17, 2016

TIME:

9:00 AM

PLACE:

Conference Room 211
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB2555
Status and Testimony

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.

WAM

SB2846
Status and Testimony

MAKING AN APPROPRIATION TO THE EMERGENCY AND BUDGET RESERVE FUND.
Makes a general fund appropriation of $100,000,000 for fiscal year 20162017 to further capitalize the Emergency and Budget Reserve Fund.

WAM

SB2845
Status and Testimony

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.

WAM

SB2921
Status and Testimony

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.

WAM

SB2925
Status and Testimony

RELATING TO TAX ADJUSTMENTS.
Specifies that taxpayers who file an amended return under section 235-101, Hawaii Revised Statutes, may not claim a refund unless such refund is claimed within the time limits established by section 235-111, Hawaii Revised Statutes.

WAM

SB2135
Status and Testimony

RELATING TO TAXATION.
Changes the tax rate on the sale of large cigars beginning 7/1/16.

WAM

No testimony will be accepted.

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-587-7215.