Bill Text: HI HB1586 | 2010 | Regular Session | Amended
Bill Title: Taxation; Out-of-State Business; Nexus Standard
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [HB1586 Detail]
Download: Hawaii-2010-HB1586-Amended.html
STAND. COM. REP. NO. 419
Honolulu, Hawaii
, 2009
RE: H.B. No. 1586
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fifth State Legislature
Regular Session of 2009
State of Hawaii
Sir:
Your Committee on Economic Revitalization, Business, & Military Affairs, to which was referred H.B. No. 1586 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose of this bill is to maximize the State's ability to capture tax revenues by establishing a minimum standard, consistent with the latest developments in state and local tax laws, by which the Department of Taxation would determine whether an out-of-state business would be subject to Hawaii taxes.
The Department of Taxation and Hawaii Government Employees Association supported this bill. A concerned individual opposed this measure. The Tax Foundation of Hawaii and a concerned individual commented.
Your Committee heard testimony that this bill expands the boundaries of the State's taxing authority consistent with recent Supreme Court decisions of other states, and thereby allows the State to capture more tax revenue from out-of-state businesses if those decisions continue to stand.
As affirmed by the record of votes of the members of your Committee on Economic Revitalization, Business, & Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1586 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 Economic Revitalization, Business, & Military Affairs,
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____________________________ ANGUS L.K. MCKELVEY, Chair |
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