Bill Text: HI HB1905 | 2010 | Regular Session | Amended
Bill Title: General Excise Tax; Fringe Benefit Contributions; Tax Refunds
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2010-03-03 - (S) Referred to LBR, WAM. [HB1905 Detail]
Download: Hawaii-2010-HB1905-Amended.html
STAND. COM. REP. NO. 305-10
Honolulu, Hawaii
, 2010
RE: H.B. No. 1905
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Sir:
Your Committee on Labor & Public Employment, to which was referred H.B. No. 1905 entitled:
"A BILL FOR AN ACT RELATING TO STATE PAYMENTS,"
begs leave to report as follows:
The purpose of this bill is to set aside general excise tax revenues to meet previous obligations of the State. Specifically, this bill requires up to:
(1) $63,000,000 in state general excise tax revenues to be deposited into a separate account in the general fund to address delayed payments of state contributions to the Employees' Retirement System (ERS) and Hawaii Employer-Union Health Benefits Trust Fund that were not paid for fiscal year 2008-2009; and
(2) $275,000,000 in state general excise tax revenues to be deposited into a separate account in the general fund to address delayed payments of state tax refunds that were not paid to balance the supplemental executive budget for fiscal year 2009-2010.
The Department of Budget and Finance and ERS Board of Trustees submitted comments on this bill.
As affirmed by the record of votes of the members of your Committee on Labor & Public Employment that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1905 and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Labor & Public Employment,
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____________________________ KARL RHOADS, Chair |
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