HB 60

PROPOSING AN AMENDMENT TO ARTICLE VII, SECTION 6 OF THE HAWAII CONSTITUTION TO REDISTRIBUTE EXCESS STATE GENERAL FUND REVENUES

By Representative(s) OSHIRO, P.

Keywords: BUDGETS, CONSTITUTIONAL AMENDMENTS, GOVERNMENT FISCAL POLICIES, INCOME TAX, TAX CREDITS OR REFUNDS, TAXATION

Report Title: Emergency/Budget Stabilization

Description: Proposes a constitutional amendment to distribute excess revenues equally: half to taxpayers in the form of a tax refund or credit and half to a "rainy day fund" to be known as the Emergency and Budget Stabilization Fund.(ConAm)

 1-20-99        H Introduced and passed First Reading                      
 1-21-99        H Referred to the committees on 1. JHA 2. FIN ,
                  referral sheet 1
 2- 3-99        H Re-referred to the committee on FIN, referral sheet         
                  8
 2-16-99        H Bill scheduled to be heard by FIN on Thursday,
                  02-18-99 at 2:00 P.M. in House conference room 308.
 2-18-99        H The committee(s) recommends that the measure be
                  deferred.
 3- 1-99        H Bill scheduled for decision making on Tuesday,
                  03-02-99 at 12:00 P.M. in House conference room
                  308.
 3- 2-99        H The committee on FIN recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 2-99        H The votes in FIN were as follows:12 Ayes: Rep.(s)
                  Takamine, Kawakami, Ahu Isa, Catalani, Kahikina,
                  Kanoho, Luke, Nakasone, Saiki, Schatz, Suzuki,
                  Yamane; Ayes with reservations: Rep.(s) Fox,
                  Marumoto, Meyer, Moses; none Noes: Rep.(s) ; and 1
                  Excused: Rep.(s) Goodenow