Bill Text: HI SB1196 | 2013 | Regular Session | Amended

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Bill Title: Cash Economy Enforcement

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-06-25 - Act 162, on 6/21/2013 (Gov. Msg. No. 1265). [SB1196 Detail]

Download: Hawaii-2013-SB1196-Amended.html

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STAND. COM. REP. NO.  1008

 

Honolulu, Hawaii

                , 2013

 

RE:   S.B. No. 1196

      S.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 Economic Development & Business, to which was referred S.B. No. 1196, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CASH ECONOMY ENFORCEMENT,"

 

begs leave to report as follows:

 

     The purpose of this measure is to enhance tax enforcement by requiring businesses to offer a receipt or other record for and keep records of all cash-based transactions, excluding casual sales.  

 

     The Department of Taxation testified in support of this measure.  The Tax Foundation of Hawaii provided comments on this measure.

 

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1196, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

 

 

		____________________________ CLIFT TSUJI, Chair