Bill Text: HI HB2488 | 2010 | Regular Session | Amended

Hawaii House Bill 2488 (Prior Session Legislation)

Bill Title: Homelessness; Conveyance Tax; Parks

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced - Dead) 2010-02-24 - (H) The committee(s) recommends that the measure be deferred. [HB2488 Detail]

Download: Hawaii-2010-HB2488-Amended.html

STAND. COM. REP. NO. 343-10

Honolulu, Hawaii

, 2010

RE: H.B. No. 2488

H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

Your Committees on Housing and Water, Land, & Ocean Resources, to which was referred H.B. No. 2488 entitled:

"A BILL FOR AN ACT RELATING TO THE HOMELESS,"

beg leave to report as follows:

The purpose of this bill is to help the homeless population by increasing the conveyance tax by ten percent on homes valued at $700,000 and more to finance the purchase and maintenance of state parks to serve the homeless.

Many concerned individuals supported this bill with amendments. The Hawaii Housing Finance and Development Corporation, Department of Taxation, Hawaii Association of REALTORS, and The Chamber of Commerce of Hawaii opposed this measure. The Department of Land and Natural Resources and Tax Foundation of Hawaii provided comments.

Your Committees have amended this bill by:

(1) Increasing the conveyance tax by 15 percent rather than 10 percent;

(2) Applying the increased conveyance tax only to homes valued at $1,200,000 and more;

(3) Clarifying that the provisions relating to the parks for the homeless shall apply to those parks under the jurisdiction of the counties;

(4) Extending the availability of funds from the parks for homeless special fund to each of the counties;

(5) Requiring the counties to provide matching funds for the parks; and

(6) Making technical, nonsubstantive amendments for clarity, consistency, and style.

As affirmed by the records of votes of the members of your Committees on Housing and Water, Land, & Ocean Resources that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2488, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2488, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Housing and Water, Land, & Ocean Resources,

____________________________

KEN ITO, Chair

____________________________

RIDA CABANILLA, Chair