Bill Text: HI SB2260 | 2012 | Regular Session | Amended

---

Bill Title: General Excise Tax Exemption; Homeless

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Engrossed - Dead) 2012-03-21 - (H) The committee(s) on HSG recommend(s) that the measure be deferred. [SB2260 Detail]

Download: Hawaii-2012-SB2260-Amended.html

---

 

 

STAND. COM. REP. NO. 2695

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2260

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2260, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to exempt from the general excise tax rents received from qualifying nonprofit organizations and government agencies that provide homeless transitional shelters.

 

     Written comments on this measure were submitted by the Tax Foundation of Hawaii.

 

     Your Committee finds that this measure will assist homeless families and individuals by establishing an incentive for real property owners to lease their property to organizations and agencies that provide transitional shelter for homeless persons.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     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. 2260, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2260, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DAVID Y. IGE, Chair