Bill Text: HI HB2650 | 2012 | Regular Session | Amended

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Bill Title: Tax Return; Foundation on Culture and the Arts; General Fund

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2012-02-23 - (H) The committee(s) on FIN recommend(s) that the measure be deferred. [HB2650 Detail]

Download: Hawaii-2012-HB2650-Amended.html

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STAND. COM. REP. NO.  257-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2650

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Culture & the Arts, to which was referred H.B. No. 2650 entitled:

 

"A BILL FOR AN ACT RELATING TO THE FOUNDATION ON CULTURE AND THE ARTS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support culture and the arts in Hawaii by establishing the Foundation on Culture and the Arts Donation Special Fund and by allowing each resident to donate funds to be credited to the Special Fund through:

 

     (1)  The motor vehicle registration process; and

 

     (2)  The filing of state income tax returns.

 

     The State Foundation on Culture and the Arts and one individual testified in support of this measure.  The Department of Budget and Finance, Department of Taxation, and Tax Foundation of Hawaii provided comments.

 

     Your Committee has amended this measure by:

 

     (1)  Deleting the establishment of the Foundation on Culture and the Arts Donation Special Fund;

 

     (2)  Deleting the collection of donations through motor vehicle registration;

 

     (3)  Specifying that funds received through state income tax returns shall be deposited into the general fund of the state and designated for use by the State Foundation on Culture and the Arts;

 

     (4)  Specifying that this measure shall be applicable to taxable years beginning after December 31, 2011; and

 

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

 

     As affirmed by the record of votes of the members of your Committee on Culture & the Arts that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2650, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2650, H.D. 1, and be referred to the Committee on Transportation.

 

Respectfully submitted on behalf of the members of the Committee on Culture & the Arts,

 

 

		____________________________ JESSICA WOOLEY, Chair