Bill Text: HI SB1355 | 2012 | Regular Session | Amended
Bill Title: GET; Out-of-State Business; In-State Business; Nexus Standard
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Engrossed - Dead) 2012-04-13 - (H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747). [SB1355 Detail]
Download: Hawaii-2012-SB1355-Amended.html
STAND. COM. REP. NO. 723
Honolulu, Hawaii
RE: S.B. No. 1355
S.D. 1
Honorable Shan S. Tsutsui
President of the Senate
Twenty-Sixth State Legislature
Regular Session of 2011
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 1355 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose and intent of this measure is to:
(1) Adopt amendments to state tax laws to allow the State to participate in the national Streamlined Sales and Use Tax Agreement, to take effect when the State becomes a party to the Streamlined Sales and Use Tax Agreement; and
(2) Create a committee to oversee the Department of Taxation's implementation and administration of and compliance with the Streamlined Sales and Use Tax Agreement.
Your Committee received comments in support of this measure from Craig Hirai, Hawaii Association of Realtors. Your Committee received comments on this measure from the Tax Foundation of Hawaii.
Your Committee finds that the Streamlined Sales Tax Project is a working group of revenue officials and experts with the stated purpose of bringing simplicity and uniformity to sales taxes in the United States, in order to allow the collection of interstate sales taxes without placing burdens on interstate commerce. Your Committee also finds that participation in the Streamlined Sales and Use Tax Agreement has the potential to achieve better tax definitions and uniformity between participating states, as well as improved tax compliance by interstate vendors.
Your Committee has amended this measure by:
(1) Changing the percentages of all amendments to state tax laws to blank amounts;
(2) Changing the effective date to July 1, 2050; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity and style.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1355, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1355, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ DAVID Y. IGE, Chair |
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