STAND. COM. REP. NO. 1030-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1605

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1605 entitled:

"A BILL FOR AN ACT RELATING TO AMENDING OR REPEALING HAWAII GENERAL EXCISE TAX LAWS FOR THE PURPOSE OF DELETING OBSOLETE OR UNNECESSARY PROVISIONS,"

begs leave to report as follows:

The purpose of this measure is to repeal certain obsolete or unnecessary provisions relating to the imposition of the general excise tax for conformity with other controlling state tax statutes.

The Department of Taxation and Tax Foundation of Hawaii provided comments on this measure.

Your Committee has amended this measure by:

(1) Removing the proposed amendment relating to the application of the general excise tax on telecommunication services to avoid ambiguity; and

(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.

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 H.B. No. 1605, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1605, H.D. 1, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair