STAND. COM. REP. NO.  1561

 

Honolulu, Hawaii

                , 2011

 

RE:   S.B. No. 1324

      S.D. 2

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 1324, S.D. 2, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO RENTAL MOTOR VEHICLE SURCHARGE TAX,"

 

begs leave to report as follows:

 

     The purpose of this bill is to maintain one source of revenue stream for the State Highway Fund (Fund) by maintaining the rental motor vehicle surcharge tax at $3 per day and appropriating an unspecified amount from the Highway Fund to maintain the state highways system.

 

     The Department of Taxation testified in support of this bill.  The Department of Transportation and Tax Foundation of Hawaii provided comments.

 

     Your Committee has amended this bill by:

 

     (1)  Changing its effective date to July 1, 2030, to encourage further discussion; and

 

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

     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 S.B. No. 1324, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1324, S.D. 2, H.D. 2.

 

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

 

 

		____________________________ MARCUS R. OSHIRO, Chair