Bill Text: HI SB2610 | 2010 | Regular Session | Amended
Bill Title: Taxation; Conveyance Tax
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Vetoed) 2010-07-06 - (S) Vetoed on 07-06-10 - Returned from the Governor without approval (Gov. Msg. No. 676). [SB2610 Detail]
Download: Hawaii-2010-SB2610-Amended.html
STAND. COM. REP. NO. 2126
Honolulu, Hawaii
RE: S.B. No. 2610
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Madam:
Your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Transportation, International and Intergovernmental Affairs, to which was referred S.B. No. 2610 entitled:
"A BILL FOR AN ACT RELATING TO CONVEYANCE TAX,"
beg leave to report as follows:
The purpose of this measure is to require the Director of Taxation to provide the administrator of each county's real property assessment division with an image of all certificates of conveyances filed with the Bureau of Conveyances.
Testimony in support of this measure was submitted by four county agencies, and testimony in opposition was submitted by one state agency. Written testimony presented to the Committees may be reviewed on the Legislature's website.
The current method, whereby the county makes weekly pickups of the printed certificates from the Department of Taxation, is not efficient and would be greatly improved with electronic data transfers of the conveyance certificates filed with the Bureau of Conveyances. The Department of Taxation, which has already implemented a process to scan these documents, would no longer need to provide printed copies of these certificates to the counties. Additionally, the neighbor islands would be able to retrieve the documents directly rather than relying on the City and County of Honolulu's assessment offices. Your Committees find that receiving these documents in digital format would enable the counties to promptly track recorded ownership, encumbrances, restrictions, uses, and sales prices of real property for the purpose of determining real property tax assessments.
As affirmed by the records of votes of the members of your Committees on Water, Land, Agriculture, and Hawaiian Affairs and Transportation, International and Intergovernmental Affairs that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2610 and recommend that it pass Second Reading and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committees on Water, Land, Agriculture, and Hawaiian Affairs and Transportation, International and Intergovernmental Affairs,
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____________________________ J. KALANI ENGLISH, Chair |
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____________________________ CLAYTON HEE, Chair |
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