STAND. COM. REP. NO. 888-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 1631

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1631, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO WATER CONSERVATION,"

begs leave to report as follows:

The purpose of this measure is to provide a nonrefundable income tax credit for Hawaii homeowners who install and place into service a water catchment system that meets certain requirements.

Your Committee received testimony in support of this measure from the Honolulu Board of Water Supply and one individual. Your Committee received comments on this measure from the Department of Taxation, Department of Budget and Finance, Department of Land and Natural Resources, University of Hawai‘i Sea Grant College Program, and Tax Foundation of Hawaii.

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. 1631, 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