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. 2405
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 Committee on Ways and Means, to which was referred S.B. No. 2610 entitled:
"A BILL FOR AN ACT RELATING TO CONVEYANCE TAX,"
begs 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 conveyance filed with the Bureau of Conveyances.
Comments in support of the measure were submitted by the Department of Budget and Fiscal Services, Real Property Assessment Division, City and County of Honolulu; Department of Finance, Real Property Assessment Division, County of Kauai; and County of Maui, Department of Finance, Real Property Tax Division. Comments in opposition to the measure were submitted by the Department of Taxation. The comments may be reviewed on the Legislature's website.
Your Committee finds that this measure would improve the ability of the counties to promptly track ownership, encumbrances, restrictions, uses, and sales prices of real property for the purpose of determining real property tax assessments.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2610 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ DONNA MERCADO KIM, Chair |
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