Bill Text: HI HB2594 | 2010 | Regular Session | Amended

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Bill Title: Income Tax; Conformity to the Internal Revenue Code for 2009

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-05-17 - (H) Act 112, on 5/17/2010 (Gov. Msg. No. 326). [HB2594 Detail]

Download: Hawaii-2010-HB2594-Amended.html

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CONFERENCE COMMITTEE REP. NO. 140-10

 

Honolulu, Hawaii

                 , 2010

 

RE:    H.B. No. 2594

       H.D. 2

       S.D. 1

       C.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir and Madam:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2594, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL REVENUE CODE,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this bill is to conform state tax law to certain amendments to the Internal Revenue Code.

 

     Your Committee on Conference has amended this measure by conforming to certain provisions in the federal Patient Protection and Affordable Care Act, signed into law on March 23, 2010, which:

 

     (1)  Eliminate a reporting exception for certain payments made to corporations; and

 

     (2)  Expand the scope of payments subject to information reporting for all types of United States persons who are subject to year-end reporting.

 

     Your Committee on Conference has also made technical, nonsubstantive amendments for clarity and consistency.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2594, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2594, H.D. 2, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

 

____________________________ DONNA MERCADO KIM, Chair		____________________________ MARCUS R. OSHIRO, Chair