STAND. COM. REP. NO. 821
Honolulu, Hawaii
, 2015
RE: H.B. No. 1010
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Eighth State Legislature
Regular Session of 2015
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 1010 entitled:
"A BILL FOR AN ACT RELATING TO THE COMMUTER BENEFITS PROGRAM,"
begs leave to report as follows:
(1) A program allowing covered employees to elect to exclude from taxable wages, costs incurred for transit passes, vanpool charges, and bicycle commuting costs up to the maximum amount allowed by federal tax law;
(2) A program in which the employer offers employees a subsidy to offset the monthly costs of commuting via transit, vanpool, or bicycle; or
(3) Transportation furnished by the employer at no cost or low cost, as determined by the designated authority, to employees in a vanpool, bus, or similar multi-passenger vehicle operated by or for the employer.
Your Committee has amended this measure by:
(1) Changing its effective date to July 1, 2030, to facilitate further discussion; and
(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1010, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1010, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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