HOUSE OF REPRESENTATIVES

THE TWENTY-EIGHTH LEGISLATURE

REGULAR SESSION OF 2015

 

COMMITTEE ON FINANCE

Rep. Sylvia Luke, Chair

Rep. Scott Y. Nishimoto, Vice Chair

 

Rep. Romy M. Cachola

Rep. Nicole E. Lowen

Rep. Ty J.K. Cullen

Rep. Richard H.K. Onishi

Rep. Aaron Ling Johanson

Rep. James Kunane Tokioka

Rep. Jo Jordan

Rep. Kyle T. Yamashita

Rep. Jarrett Keohokalole

Rep. Feki Pouha

Rep. Bertrand Kobayashi

Rep. Gene Ward

 

NOTICE OF HEARING

 

DATE:

Wednesday, February 18, 2015

TIME:

2:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A

 

HB 73

Status

RELATING TO STATE BONDS.

Authorizes the issuance of general obligation bonds.  Makes findings required by Article VII, Section 13 of the State Constitution to declare that the issuance of authorized bonds will not cause the debt limit to be exceeded.

 

FIN

HB 171

Status

MAKING AN APPROPRIATION TO THE HURRICANE RESERVE TRUST FUND.

Appropriates funds for fiscal year 2015-2016 to be deposited into the hurricane reserve trust fund. 

 

FIN

HB 172

Status

MAKING AN APPROPRIATION TO THE EMERGENCY AND BUDGET RESERVE FUND.

Appropriates funds for fiscal year 2015-2016 to be deposited into the emergency and budget reserve fund.

 

FIN

HB 461

Status

RELATING TO THE OFFICE OF INFORMATION PRACTICES.

Transfers OIP from LG to DAGS.  Increases the independence of OIP as an administratively attached agency.  Clarifies the employment status of OIP attorneys and the civil service exemption for OIP personnel.  Appropriates funds to DAGS for administrative support.

 

FIN

HB 1366

Status

RELATING TO STATE ACQUISITION OR DEVELOPMENT OF REAL PROPERTY.

Appropriates funds to identify, plan, and acquire or build upon real property in urban Honolulu to provide office space for state governmental agencies and offices

 

FIN

HB 382

Status

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Requires the Employees' Retirement System to divide pensions between a retired employee and non-employee former spouse or civil union partner, upon application and pursuant to a qualified domestic relations order.

 

FIN

HB 707

Status

RELATING TO NON-GENERAL FUNDS.

Repeals and transfers the unencumbered balances of various non-general funds and accounts as recommended by the auditor in auditor's report nos. 14-04 and 14-13.

 

FIN

HB 78

Status

RELATING TO NON-GENERAL FUNDS.

Reclassifies the accrued vacation and sick leave fund to a trust fund as recommended by the auditor in report no. 14-04.

 

 

FIN

HB 79

Status

RELATING TO NON-GENERAL FUNDS.

Reclassifies and repeals various non-general funds, as recommended by the auditor in auditor's report no. 14-13.

 

 

FIN

HB 173

Status

RELATING TO THE REPEAL OF FUNDS AND ACCOUNTS.

Repeals and transfers the unencumbered balances of various funds and accounts to the credit of the general fund. 

 

 

FIN

HB 1294

Status

RELATING TO THE INCOME TAX CREDIT FOR LOW-INCOME HOUSEHOLD RENTERS.

Sets a separate adjusted gross income threshold for married couples filing jointly, married couples filing separately, heads of households, and qualifying widows or widowers to qualify for the income tax credit for low-income household renters.  Raises the tax credit.  Annually adjusts the tax credit amount based upon increases in the consumer price index for all urban consumers.

 

FIN

HB 1295

Status

RELATING TO TAXATION.

Increases the low-income housing tax credit to one hundred per cent of the qualified basis for each building located in Hawaii.

 

 

FIN

HB 886

Status

RELATING TO TAXATION.

Extends the high-earner income tax brackets established pursuant to Act 60, Session Laws of Hawaii 2009 by an additional two years.  Raises the income tax credits provided to low-income households by the refundable food/excise tax credit and low-income household renters credit to unspecified amounts.

 

FIN

HB 1091

Status

RELATING TO TAXATION.

Increases the standard deduction and allowable personal exemption amounts.  Increases the number of exemptions that may be claimed by taxpayers who are 65 years of age or older and meet certain income requirements.

 

FIN

HB 1092

Status

RELATING TO TAXATION.

Excludes income received from deferred compensation retirement plans from the state income tax for taxpayers who meet certain income requirements.

 

FIN

HB 1179

Status

RELATING TO INFLATION ADJUSTMENTS TO CHAPTER 235, HAWAII REVISED STATUTES.

Provides for annual adjustments to the Hawaii standard deduction, income tax rate brackets, and personal exemption in response to increases in inflation as documented by the U.S. Department of Labor Consumer Price Index.  Requires DOTAX to submit a report to the legislature evaluating the adjustments made by the Act.  Sunsets 1/1/2020.

 

FIN

HB 1181

Status

RELATING TO TAXATION.

Amends the state income tax by changing the amounts of the basic standard deduction and personal exemption.

 

 

FIN

HB 1182

Status

RELATING TO TAXATION.

Amends the income tax credit for expenses for household and dependent care services necessary for gainful employment by changing the manner in which the taxpayer's applicable percentage is determined.

 

FIN

HB 1102

Status

RELATING TO TAXATION.

Requires DOTAX to conduct a study on modernizing the state tax collection system and submit a report to the legislature.

 

FIN

HB 1486

Status

RELATING TO THE STATE FUEL TAX.

Changes the assessment of the state fuel tax from a specified cents per gallon to the greater of a specified cents per gallon or a specified percentage of the wholesale price per gallon to the retailer, subject to a minimum monetary amount of tax based upon the tax paid by certain retailers.

 

FIN

 

 

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing.  Testimony should indicate:

·     Testifier's name with position/title and organization;

·     The Committee(s) to which the comments are directed;

·     The date and time of the hearing; and

·     Measure number. 

 

While every effort will be made to incorporate all testimony received, materials received on the day of the hearing or improperly identified or directed, may be distributed to the Committee after the hearing.

 

Submit testimony in ONE of the following ways:

PAPER:  2 copies (including an original) to Room 306 in the State Capitol;

FAX:       For testimony less than 5 pages in length, transmit to 1-800-535-3859 (for Neighbor Islander without a computer to submit testimony through e-mail or the Web); or

WEB:     For testimony less than 10MB in size, transmit from http://www.capitol.hawaii.gov/submittestimony.aspx.

 

Testimony submitted will be placed on the legislative website.  This public posting of testimony on the website should be considered when including personal information in your testimony.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to [email protected] at least 24 hours prior to the hearing for arrangements.  Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" website at www.capitoltv.org or call 536-2100.

 

 

 

 

________________________________________

Rep. Sylvia Luke

Chair