Sunday, May 28, 2023
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Tax Credits

 

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Sunday, May 7, 2023
Tax Relief, RIP
By Tom Yamachika @ 6:00 AM :: 1328 Views :: Tax Credits

... every one of the tax credit enhancements has been given only a five-year life.  All of them go away on January 1, 2028 ....

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Tuesday, May 2, 2023
Some Winners and Losers in the 2023 Session
By Tom Yamachika @ 6:00 PM :: 1333 Views :: Tax Credits, Taxes

... The Tax Relief Shell Game Ends, and Broad-Based Relief Didn’t Make It ....

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Sunday, April 30, 2023
Production Credit Hijinx
By Tom Yamachika @ 6:00 AM :: 1436 Views :: Ethics, Tax Credits

... After deferring the measure multiple times, WAM amended the bill to add two new provisions:  a section allowing tax credits for building a film studio, and a section making extensive amendments to the administration of the existing production credit.  This was done without the benefit of a public hearing ....

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Sunday, April 16, 2023
It Isn’t Over Until It’s Over
By Tom Yamachika @ 6:00 AM :: 1653 Views :: Education K-12, Ethics, Tax Credits

... In the meantime, lawmakers have been figuring out how to bypass conventional learning about when a bill is dead. Here is one example ....

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Thursday, March 30, 2023
How counties can provide tax relief
By Grassroot Institute @ 10:31 PM :: 1053 Views :: Tax Credits, Taxes

... County lawmakers haven’t decided yet how to deal with property tax hikes that are expected to result from higher property assessments across the state ....

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Sunday, March 26, 2023
Credit Madness
By Tom Yamachika @ 6:00 AM :: 1141 Views :: Tax Credits

... Tax Credits were proposed for, among other things, upgrading technology infrastructure; sequestering carbon; upgrading or conversion of cesspools; being a health care preceptor; manufacturing food; providing childcare to employees; being in a creative district; producing organic food; and just being in the state while everyone else is being hammered by a carbon tax ....

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Wednesday, March 15, 2023
House passes state budget for third reading
By News Release @ 10:19 PM :: 1111 Views :: Hawaii State Government, Tax Credits, Taxes

... update on the state budget and the Majority Caucus' legislative priorities ....

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Monday, March 6, 2023
Changing tax credit to portion of income would help Oahu homeowners
By Grassroot Institute @ 10:10 PM :: 1020 Views :: Honolulu County, Tax Credits

... Bill 38 (2022) would change the formula for calculating the eligibility for the real property tax credit ....

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Sunday, February 26, 2023
Creative Districts 
By Tom Yamachika @ 5:00 AM :: 1220 Views :: Tax Credits

... In the Senate bill, creative enterprises in a creative district would be eligible for tax credits.  The bill, however, is a little light on details ....

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Friday, February 24, 2023
Hawaii bill would boost rental tax credit fourfold
By Selected News Articles @ 11:31 PM :: 1309 Views :: Tax Credits

... SB55 proposes the adoption of income brackets to determine eligibility for the tax credit ....

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Sunday, February 19, 2023
PILOT for Real Property Tax
By Tom Yamachika @ 5:00 AM :: 1692 Views :: Honolulu County, Energy, Agriculture, Tax Credits, Taxes

... The owner in the previous year paid $30,154 in property tax and got a bill for $835,710, resulting in an extremely unhappy owner ....

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Tuesday, February 14, 2023
HB1049 Cuts Income Tax
By News Release @ 8:47 PM :: 1109 Views :: Tax Credits, Taxes

... restructure the state's income tax brackets and lower income tax for all brackets, double the standard deduction for individual filers from $2,200 to $5,000, and double the personal exemption from $1,144 to $2,288 ....

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Monday, February 13, 2023
HB1049: Avoiding disincentives in new affordability plan
By UHERO @ 11:41 PM :: 812 Views :: Tax Credits

... Policy “cliffs” occur when a large benefit is suddenly withdrawn when income exceeds some threshold, even if by only $1. Cliffs may also reduce incentives to work and earn more ....

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Thursday, February 9, 2023
Volta: Hawaii's Latest Hi-Tech Failure Gets Recycled by Shell Oil
By News Release @ 3:30 AM :: 1055 Views :: Energy, Environment, Ethics, Tax Credits

... How much money did ERS and KSBE lose helping Shell greenwash its oil business? ....

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Saturday, February 4, 2023
Green Affordability Plan: It would be simpler to just cut the tax rate for food
By Grassroot Institute @ 7:12 PM :: 929 Views :: Tax Credits, Taxes, Cost of Living

... Green’s “GAP” plan seeks to provide tax credits for food, rent and child care expenses primarily to Hawaii’s lower- and middle-class families ....

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Wednesday, January 18, 2023
Hawaii targets housing reform as Legislature returns
By Selected News Articles @ 3:39 AM :: 1005 Views :: Development, Hawaii State Government, Land Use, Tax Credits, Taxes, Cost of Living

... 156 bills are on the current docket to be introduced in the House of Representatives and Senate ....

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Wednesday, December 14, 2022
$300 Rebate Checks From Hawaii: You Can Still Claim It
By Selected News Articles @ 3:10 AM :: 1000 Views :: Tax Credits

... Most taxpayers have already received their rebate checks from Hawaii of up to $300. However, those who filed their taxes late and taxpayers whose payment has been withheld by the tax department may still be waiting ....

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Monday, December 5, 2022
Ige Announces Completion of over 600,000 Refunds to Hawaii Taxpayers
By News Release @ 3:32 PM :: 1202 Views :: Hawaii State Government, Tax Credits, Taxes

... A total of 606,674 Act 115 refunds were issued, totaling $307.9 million. That includes 288,590 direct deposits and 318,084 paper checks ....

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Friday, September 23, 2022
Property Tax Credit Application Deadline September 30
By News Release @ 11:14 PM :: 1502 Views :: Honolulu County, Tax Credits

...The City & County of Honolulu offers a real property tax credit for homeowners who meet certain eligibility requirements. ...

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Wednesday, July 20, 2022
ERS Hides $96.75M of So-Called ‘Tech’ Investments--Losses Begin to Mount
By Andrew Walden @ 9:30 PM :: 3095 Views :: Ethics, Labor, Tax Credits

... Taxpayer losses are in the billions.  Now they are grabbing for public employees’ retirement fund.  How much will retirees lose? ....

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Wednesday, June 29, 2022
He Owned the Land for Just a Day, But Received 212 Credits from County
By Selected News Articles @ 10:21 PM :: 4210 Views :: Hawaii County , Ethics, Development, Land Use, Tax Credits

“...Rajesh Budhabhatti is a subject of a public corruption/wire fraud case....”

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Wednesday, June 22, 2022
Ige Signs Minimum Wage Hike, makes Earned Income Tax Credit Refundable
By News Release @ 11:22 PM :: 1563 Views :: Labor, Small Business, Tax Credits

... Act 114 increases the minimum wage to $12.00 per hour starting Oct. 1, 2022 ....

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Sunday, June 12, 2022
Bill 45: Rail TOD Giveaway to High Tech Tax Credit Schemers
By Selected News Articles @ 3:30 AM :: 1790 Views :: Honolulu County, Development, Rail, Tax Credits

... The vague language in the proposal lacks any metrics for measuring success, similar to another business-focused tax credit whose value to the state is dubious ...

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Thursday, June 9, 2022
Volta Securities Fraud: Did Latest Hawaii High Tech Fail Take a Bite out of ERS?
By Andrew Walden @ 10:05 PM :: 1739 Views :: Ethics, Tax Credits

... Securities fraud, insider trading, $26.7 M in hidden executive stock awards?  Yes.  Hawaii’s high-tech tax credit schemers are at it again ....

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Sunday, June 5, 2022
The Kansas Experiment:  Ten Years Later
By Tom Yamachika @ 6:00 AM :: 1210 Views :: Tax Credits, Taxes

... It would have increased the state sales tax and would have eliminated many tax credits and deductions.  The legislature, predictably, tossed out these offsets ....

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Friday, May 27, 2022
Hawaii High-Tech Schemers Get $94M
By News Release @ 8:14 PM :: 1211 Views :: Tax Credits

... Hawaii is among the first states in the nation to be approved for participation ....

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Tuesday, May 3, 2022
Hawaii lawmakers could approve $300 tax rebates this week
By Selected News Articles @ 3:55 AM :: 1614 Views :: Tax Credits

... the total estimated cost of the rebate program will be around $250 million ....

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Sunday, April 24, 2022
Swimming in money, legislators could easily add to debt burden
By Grassroot Institute @ 4:47 AM :: 1686 Views :: Hawaii State Government, Tax Credits, Taxes

... What one hand might be giving, the other might be taking away by spending money on things that could come back to haunt us ....

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Sunday, April 17, 2022
Once Upon a Rebate
By Tom Yamachika @ 5:00 AM :: 1280 Views :: Tax Credits

... Governor Dorothy’s two bills died in the Legislature ....

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Sunday, April 10, 2022
Hawaii lawmakers propose $300 rebate checks
By Selected News Articles @ 4:35 AM :: 1266 Views :: Tax Credits

... Senate Bill 514 would pay one-time tax rebate checks of $300 to people making $100,000 a year or less and $100 to those making more than $100,000 a year .... 

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Saturday, April 9, 2022
Hawaii taxpayers deserve a rebate — a big one
By Keli'i Akina PhD @ 7:48 PM :: 1333 Views :: Tax Credits

... Simply allowing the market to operate helped create a windfall in state revenues ....

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Tuesday, April 5, 2022
The Great Earned Income Tax Credit Hunt
By Tom Yamachika @ 3:30 PM :: 1983 Views :: Tax Credits

... DoTax hides the EITC application form so you can't apply for the credit ....

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Saturday, April 2, 2022
SB514: $100 Taxpayer Refund is Still Possible
By Grassroot Institute @ 4:36 PM :: 1298 Views :: Tax Credits

... The state of Hawaii is currently enjoying a nearly $4 billion budget windfall ....

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Friday, February 25, 2022
HB2278: Fuel tax damage will far outweigh measly tax credit
By Grassroot Institute @ 4:59 AM :: 2282 Views :: Energy, Environment, Tax Credits, Taxes, Cost of Living

... The gasoline tax in 2035 will be $33.16 a barrel ....

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Friday, February 11, 2022
HB2278 Carbon Tax $42.24 a Barrel
By Grassroot Institute @ 5:18 AM :: 1806 Views :: Energy, Tax Credits, Taxes

... This bill is a continuation of the policy of social-planning-via-taxation that has helped make Hawaii one of the most expensive states in the nation ....

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Thursday, January 27, 2022
​It’s not weird, it’s constitutional
By Selected News Articles @ 7:40 PM :: 1776 Views :: Hawaii State Government, Tax Credits

... Here is the actual wording of the item in the Hawai‘i State Constitution ....

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Tuesday, January 25, 2022
$100 Refund--How About $1,361?
By Grassroot Institute @ 6:58 PM :: 2802 Views :: Tax Credits, Taxes

"...increase the refund amount...."

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Saturday, January 22, 2022
DBEDT: Hawaii Family of Four Must Earn $85,372 to Stay off Welfare
By News Release @ 4:26 PM :: 3890 Views :: Hawaii Statistics, Labor, Small Business, Tax Credits

... the amount of money that individuals and families require to meet their basic needs without government and/or other subsidies ....

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Sunday, January 2, 2022
Considering a Carbon Tax with Rebates
By Tom Yamachika @ 5:00 AM :: 1769 Views :: Environment, Tax Credits, Taxes

... This is not the only recommendation the Tax Review Commission came up with ....

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Sunday, May 16, 2021
General Excise Exemptions to be Shut Off for Two Years? 
By Tom Yamachika @ 6:00 AM :: 3204 Views :: Small Business, Tax Credits, Taxes

... “Frankenbill” House Bill 58 has cleared the Legislature and is on the Governor’s desk waiting to become law ....

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Monday, April 5, 2021
Does ARPA Outlaw Hawaii Tech and Film Tax Credit Expansion?
By Tax Foundation @ 6:28 PM :: 3159 Views :: Hawaii State Government, Tax Credits, Taxes, COVID-19

"...Hawaii increased the cap on its film incentives and decoupled from federal restrictions on research and development tax credits...."

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Saturday, April 3, 2021
Ige Joins other High-Tax State Governors to Call on Biden to Restore $670B Federal Subsidy
By News Release @ 3:35 AM :: 2592 Views :: Tax Credits, Taxes

... State and Local Tax (SALT) Deduction Cap forces 11 million rich liberals to pay $670 billion in reparations for their decision to allow tax-and-spend Democrats to run their states, school districts, and municipalities .... 

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Saturday, February 27, 2021
Tax Hike Plan: Hawaii Carbon Pricing Study Released
By News Release @ 7:20 PM :: 3060 Views :: Energy, Tax Credits, Taxes

... to cost the State at least $19,000,000,000 ....

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Monday, January 25, 2021
Hawaii Opens Door to More Unlicensed Cryptocurrency Schemes
By News Release @ 10:39 PM :: 3428 Views :: Ethics, Hawaii State Government, Tax Credits

... This is made possible with the issuance of a “no action message” by DFI, which will not take any action against these companies during the two-year period of the program ....

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Tuesday, January 5, 2021
What COVID Emergency? Let's Quadruple Hawaii's Phony Hi-Tech Tax Credits
By UHERO @ 2:46 AM :: 1949 Views :: Tax Credits

... CLUE: There is no shortage of private capital available for tech startups.  If your tech startup needs government funds it is fake ....

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Monday, November 16, 2020
Hawaii Hi-Tech Scamster Bribed to Rat out Hunter Biden?
By Selected News Articles @ 5:00 AM :: 3685 Views :: Ethics, Politicians, Tax Credits

...last year Youssef briefly courted journalists with a story about Hunter’s links to the now-defunct mbloom fund....

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Thursday, November 12, 2020
MBloom: Hawaii Hi Tech Scam Snares Another Biden Insider
By Selected News Articles @ 10:15 PM :: 5979 Views :: Maui County, Ethics, Tax Credits

...Joe Biden’s Transition Aide Helped Steer $3M to Hunter Biden-Linked Firm....

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Monday, November 2, 2020
Maui-Based Scam: Hunter Biden Partner Secured Millions from Businessman with Reputed Organized Crime Ties
By Selected News Articles @ 4:30 AM :: 7082 Views :: Democratic Party, Tax Credits

... Remember 'Mbloom'? -- financed by Hawaii taxpayers via Hawaii Strategic Development Corporation (HSDC) ....

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Sunday, September 13, 2020
State Auditor’s Review of GET Exemptions and Exclusions
By Tom Yamachika @ 6:00 AM :: 2833 Views :: Hawaii State Government, Tax Credits, Taxes

... The Auditor was supposed to start on the first chunk last year and finish the report before the start of the 2020 legislature, but ....

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Wednesday, August 19, 2020
Hawaii Opens Door to 12 Unlicensed Cryptocurrency Schemes
By News Release @ 8:07 PM :: 4653 Views :: Hawaii State Government, Tax Credits

"...Through the issuance of a 'no action message,' DFI is not taking any action against these companies...."

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