Bill Text: HI HB329 | 2013 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: General Excise Tax; Exemption for Certain Scientific Contracts with the United States

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2013-02-15 - Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) McDermott voting no (1) and Representative(s) Carroll, Coffman, Hanohano, Har, Kawakami, Ward excused (6). [HB329 Detail]

Download: Hawaii-2013-HB329-Amended.html

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STAND. COM. REP. NO.  196

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 329

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Economic Development & Business, to which was referred H.B. No. 329 entitled:

 

"A BILL FOR AN ACT RELATING TO THE GENERAL EXCISE TAX,"

 

begs leave to report as follows:

 

     The purpose of this measure is to narrow the scope of gross proceeds to which the general excise tax exemption for certain scientific contracts with the United States applies.

 

     The Department of Taxation testified in support of this measure.  Pukoa Scientific and one individual testified in opposition to this measure.  The Tax Foundation of Hawaii submitted comments.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 329 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection & Commerce.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

		____________________________ CLIFT TSUJI, Chair