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 ....

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

... 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 ....

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

... 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 ....

... 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 ....

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

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

... 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 ....

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

... 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 ....

... 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 ....

... Policy “cliffs” occur when a large benefit is suddenly withdrawn when income exceeds some threshold, even if by only $1.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 ....

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

... 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 ....

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

... 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 ....

... 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 ....

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

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

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

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

... 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 ...

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

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

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

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

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

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

... 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 .... 

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

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

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

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

... 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 ....

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

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

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

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

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

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

... 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 .... 

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

... 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 ....

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

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

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

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

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

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