CONFERENCE COMMITTEE REP. NO. 106-22

Honolulu, Hawaii

, 2022

RE: S.B. No. 2475

S.D. 2

H.D. 1

C.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sirs:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2475, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to clarify that amounts received or accrued for stevedoring and related services, wharfage, and demurrage fees are exempt under the general excise tax law.

Your Committee on Conference finds that the shipping industry is critical to the well-being of the people of Hawaii because nearly all goods are imported. This measure exempts certain shipping-related fees and services under the general excise tax law in order to help reduce the inflated cost of imported goods.

Your Committee on Conference has amended this measure by removing related services in reference to stevedoring services.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2475, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2475, S.D. 2, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ SYLVIA LUKE Co-Chair	____________________________ CHRIS LEE Chair
____________________________ KYLE T. YAMASHITA Co-Chair	____________________________ DRU KANUHA Co-Chair