Bill Text: HI HB503 | 2013 | Regular Session | Amended

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Bill Title: General Excise Tax; Farmer; Fresh Farm Produce

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2013-03-14 - The committee on AGL deferred the measure. [HB503 Detail]

Download: Hawaii-2013-HB503-Amended.html

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STAND. COM. REP. NO.  645

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 503

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 503, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO GENERAL EXCISE TAX,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide a General Excise Tax exemption on amounts received by farmers for the sale of fresh farm produce intended for consumption within the State.

 

     The Kohala Center and several individuals testified in support of this measure.  The Department of Taxation, Tax Foundation of Hawaii, and Hawaii Farm Bureau Federation offered comments.

 

     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. 503, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ SYLVIA LUKE, Chair