Bill Text: HI SB1222 | 2015 | Regular Session | Introduced
Bill Title: Tax Reform Task Force; Taxation
Spectrum: Strong Partisan Bill (Democrat 12-1)
Status: (Introduced - Dead) 2015-01-28 - Referred to WAM. [SB1222 Detail]
Download: Hawaii-2015-SB1222-Introduced.html
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THE SENATE |
S.B. NO. |
1222 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. (a) There is established the tax reform task force within the department of taxation for administrative purposes.
(b) The tax reform task force shall consist of ten members, not subject to section 26-34, Hawaii Revised Statutes, which shall include the following:
(1) Certified public accountants;
(2) Tax attorneys;
(3) Community members;
(4) Economists; and
(5) Other individuals with knowledge of the tax structure of the State or other jurisdictions;
provided that members of the task force shall have a relevant professional license or certification and shall not be employees of the State. Task force members shall be appointed equally by the senate president and speaker of the house of representatives.
(c) The members of the task force shall select the chairperson of the task force from among themselves. Members of the task force shall serve without compensation but shall be reimbursed for necessary expenses, including travel expenses, incurred in the performance of their official duties.
(d) The task force shall:
(1) Examine the impact of implementing a sales tax rather than a general excise tax in the State and how this change would affect Hawaii consumers and taxpayers;
(2) Examine Hawaii's income tax exemption amounts in comparison with income tax exemption amounts from other states;
(3) Examine other rate-related variables such as rate brackets, standard deduction amounts, Pease limitation, and other itemized deduction limitations; and
(4) Based on its findings, recommend changes, if any, to the state tax structure or state income tax exemption amounts.
(e) Upon written request by the task force, the department of taxation shall provide to the task force access to relevant aggregate tax return data but only to the extent necessary and relevant to performing duties pursuant to subsection (d).
(f) It shall be unlawful for any member of the task force to intentionally make known information imparted by any tax return information made available to the task force pursuant to subsection (e), or any report of any investigation of a tax return or of the subject matter of the return, or to willfully permit any return, return information, or report so made, or any copy thereof, to be seen or examined by any person.
(g) The task force shall submit an interim report of its findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2016, and a final report of the task force's findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2017.
(h) The task force shall cease to exist on June 30, 2017.
SECTION 2. This Act shall take effect on July 1, 2015.
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INTRODUCED BY: |
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Report Title:
Tax Reform Task Force; Taxation
Description:
Establishes a tax reform task force to examine the impact of a sales tax in lieu of the general excise tax in the State and other rate-related variables and to compare Hawaii's income tax exemption amounts with tax exemption amounts from other states.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
