STAND. COM. REP. NO. 876-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2011

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. 2011, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRANSIENT ACCOMMODATIONS TAX,"

begs leave to report as follows:

The purpose of this measure is to increase the annual cap on the Tax Administration Special Fund for the Department of Taxation's Special Enforcement Section from $700,000 to $1,000,000, and require that the first $300,000 collected be deposited into a special account exclusively for the operations of the Special Enforcement Section in enforcing the transient accommodations tax law.

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

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. 2011, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair