STAND. COM. REP. NO. 898-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1652

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. 1652 entitled:

"A BILL FOR AN ACT RELATING TO NON-GENERAL FUNDS,"

begs leave to report as follows:

The purpose of this measure is to abolish various non-general funds and accounts of the Department of Taxation as recommended by the Office of the Auditor in its Report No. 17-10, and transfer the balances to the general fund.

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

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. 1652 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

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SYLVIA LUKE, Chair