DoTax Annual Report 2018-19
Dear Governor Ige: December 26, 2019
The Department of Taxation (DOTAX) is pleased to present this annual report of the activities undertaken in Fiscal Year (FY) 2019. We have also included more recent information about activities in the first half of FY 2020. The report also includes our goals and objectives for Calendar Year 2020, as required by Act 100, Session Laws of Hawaii 1999.
In FY 2019, total State tax collections were $8.28 billion, a 4.8% increase from FY 2018 which were $7.9 billion. DOTAX collected $7.87 billion in tax revenue in FY 2019, or 95% of all taxes administered by the State. General Excise Tax (GET) is Hawaii's largest source of revenue, accounting for 43% of the State's total tax collections. Revenue from the GET rose to $3.54 billion in FY 2019 from $3.40 billion in FY 2018, an increase of 4.1%. Revenue from Hawaii's Individual Income Tax (IIT), Hawaii's second largest tax, increased 17.3% to $2.57 billion in FY 2019 from $2.19 billion in FY 2018, accounting for 31% of the State's total tax collections.
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HTH: State: Tax collections up