STAND. COM. REP. NO. 399
Honolulu, Hawaii
, 2007
RE: H.B. No. 617
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Sir:
Your Committee on Public Safety & Military Affairs, to which was referred H.B. No. 617 entitled:
"A BILL FOR AN ACT RELATING TO TAXATION,"
begs leave to report as follows:
The purpose of this bill is to improve recruitment and retention of Hawaii National Guard members by providing them with job security outside of the National Guard. Specifically, this bill establishes a refundable income tax credit for employers that hire or employ Hawaii residents who are members of the National Guard.
The Department of Defense, Hawaii National Guard Association, Hawaii National Guard Enlisted Association, National Guard Association of Hawaii Insurance Trust, and The Chamber of Commerce of Hawaii testified in support of this bill. The Department of Taxation offered comments.
Your Committee has amended this bill by:
(1) Deleting:
(A) The percentage of a qualified employee's salary or wage costs paid or incurred by the taxpayer during the taxable year; and
(B) The maximum amount of tax credit, that may be claimed by the taxpayer, to encourage further discussion;
(2) Changing the effective date to July 1, 2015, to encourage further discussion; and
(3) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Public Safety & Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 617, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 617, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Public Safety & Military Affairs,
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____________________________ CINDY EVANS, Chair |
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