STAND. COM. REP. NO. 867-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 1971

H.D. 2

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. 1971, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO PEER-TO-PEER CAR-SHARING,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Authorize and regulate peer-to-peer car-sharing;

(2) Impose the general excise tax and rental motor vehicle surcharge tax on peer-to-peer car-sharing programs and require these programs to collect and remit taxes and surcharges to the Department of Taxation; and

(3) Require those persons engaging or continuing in a peer-to-peer car-sharing program to register with the Director of Taxation.

Your Committee received testimony in support of this measure from Enterprise Holdings. Your Committee received testimony in opposition to this measure from the Office of Consumer Protection of the Department of Commerce and Consumer Affairs. Your Committee received comments on this measure from the Department of Taxation, Insurance Division of the Department of Commerce and Consumer Affairs, Tax Foundation of Hawaii, Hawaii Insurers Council, Turo, Geico, and Hawaii Association for Justice.

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. 1971, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair