Taxes

Terms being bandied about include exemptions, deductions, and tax credits, and among tax credits there are the “CreditAbles” – refundable, nonrefundable, and assignable credits.....

...Total Tax Burden: 11.27% – #2 in USA....

...SB 620 would redefine how our general excise tax laws define “doing business”....

After burning $2B, the state received a pathetic $27.1 million in taxes from 150 companies tied to the High Technology Development Corporation....

Hawaii lawmakers would like us to believe that they are cutting the state budget in the current legislative session, but it’s not true....

...contrasting state and local tax collections with the quality of the services residents receive....

...this study appeared to be an outgrowth of a move by our teachers’ union....

...two bills are moving through the legislature on this subject....

...Watchdog Group Says State Budget Must be Reevaluated....

The "shall make sufficient sums available" language is used in one more place in our constitution. It's in Article XII, Section 1, relating to the Department of Hawaiian Home Lands....

With tax collections falling behind expectations, State lawmakers are pressuring the tax department to increase effort to collect uncollected taxes from internet sales....

DBEDT is measuring dollars not taxpayers. One out-of-state owner of a shopping mall, golf course, or hotel equals 1000s of individual local homeowners....

It's true that the session is far from over. And this bill could certainly end up morphing yet again....

...this policy likely would backfire and make all housing in the islands more expensive....

House Bill 1586 is a multi-faceted bill that seeks to change some of the characteristics of our tax system....

... the Honolulu Star-Advertiser noted with apparent alarm the “uncommonly heavy load of tax proposals still moving through both state Capitol chambers” ....

... Hawaii Corporate Income over $100K is taxed at 6.4% ....

...the amount of the penalty could be as much as $695 x 2 adults plus $695 x ½ x 3 kids = $2,432.50....

In just this legislative session, we've seen attempts to make the surcharge a permanent part of life.... We've seen proposed income tax increases. There's even an attempt to write a tax...into the state Constitution....

...and if you earn $100K, Hawaii is 3rd-highest....

...and Legislators are pushing HB209 to make those rates even higher....

The sheer number of bills related to tax or public finance is staggering. It's much more frenetic this year than in any other year I've been in this position....

...UHERO: ‘Discriminatory’ HSTA Property Tax Plan hits Renters Hardest....

...the State is making a ton of money off the skim....

...the system knows the driver's exact route, his speed compliance and provides ratings for his braking and cornering performance. Too much info in the hands of the government....

to lobby for a constitutional amendment that will drastically increase property taxes....

The Legislature should not approve any extensions of the GET and it should pass a bill directing the city to handle current and future deficits with its own resources. This offers hope for some accountability and cost containment....

The State kept 10% of the surcharge collected or $25.92 million – which is more than the Department of Taxation’s entire Fiscal Year 2016 operating budget of $24 million....

There are 20 bills currently on the table dealing with vacation rentals....

...give everybody a pay raise--by cutting taxes....

Is a 7% return on investment sustainable into the future? Another organization that studied the issue said that a more realistic rate of return would be the “risk-free” rate, which they calculated at 2.344%....

the Department of Taxation has been allowed to keep a full 10% of the rail surcharge for the costs of administering it, despite the fact that the law directs DOTAX to calculate how much is required for its management of the surcharge, then return the remainder to the rail project....

...an owner of an investment property in Honolulu worth less than half a million dollars can expect to see his (her) combined City and State property tax bill double....

Hawaii has the broadest sales tax in the United States, but it taxes many products multiple times and, by one estimate, ultimately taxes 99.21 percent of the state’s personal income....

Hawaii’s State Government has unnecessarily profited from the Honolulu rail project....

The company had also placed discarded materials and equipment in a drainage ditch that is recognized as a state water body and protected by state and federal regulations....

...challenging times include high shipping costs, high taxes, a high rate of public sector unionism, shaky government pension programs, inadequate housing supply and pervasive homelessness, excessive business and employment regulations, cronyism and corruption....

Grassroot Institute Urges Legislature to Act on Surcharge "Skimming"....

3,600 words full of spending proposals and sunny guarantees about the future....

A few weeks ago, Hawaii homeowners received their 2017 property tax assessments. It was not a pleasant way to end the holidays or start the new year....

...our state government paid half a million dollars in pension payments to people who were already dead. Well, then, what do you think of budgeting many times that amount for people who don’t even exist?....

"We’ve got to wake up and sell development rights along the rail, like they do in Japan and Hong Kong."

...Total Cost Per Smoker: $2,048,587....

On December 13, 2016, Governor Ige signed off on, and thereby finalized, significant increases in fees charged by the Department of Transportation Harbors Division....

... legislators are considering a special, higher GET rate for marijuana, but haven’t decided upon that rate yet ....

...the Ige Administration has been meeting with the unions....

Stop the unconstitutional use of public funds to turn native Hawaiians into a race-based tribe. Instead, focus on what would really help them -- like better schools, more housing, and economic development....

This digest summarizes the Hawaii tax laws enacted during the 2016 Regular Session and the federal tax laws enacted during calendar year 2015....

People get viscerally upset when you tell them they need to follow a rule they didn't know and couldn't have known....

Tomorrow, the city will send approximately 300,000 notices....