STAND. COM. REP. NO. 3215

Honolulu, Hawaii

RE: S.C.R. No. 30

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.C.R. No. 30 entitled:

"SENATE CONCURRENT RESOLUTION REQUESTING THE DEPARTMENT OF TAXATION TO STUDY THE IMPACT OF RECENT CHANGES TO FEDERAL INCOME TAX LAW,"

begs leave to report as follows:

The purpose and intent of this measure is to urge the Department of Taxation to study the impact of recent changes to federal income tax law on the State's income tax law and tax revenue.

Your Committee received testimony in support of this measure from IMUAlliance and OCC Legislative Priorities Committee, Democratic Party of Hawaii.

Your Committee received comments on this measure from the Department of Taxation.

Your Committee finds that, due to the significance of recent changes made to the federal tax code, the Department of Taxation should study the potential impact of those changes on the State, including impact on revenue, and consider whether any changes to state law are needed.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee concurs with the intent and purpose of S.C.R. No. 30 and recommends its adoption.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

________________________________

DONOVAN M. DELA CRUZ, Chair