Tax Credits

... Devon Archer cooperated with congressional investigators as a witness against Hunter Biden and the Biden family ....

... Island Flex is a program that allows employees to allocate a portion of their salary into Medical Spending Accounts and/or Dependent Care Spending Accounts on a tax-free basis ....

... Tax season is just around the corner, and there’s a good chance that many of the people reading this will be paying someone else to help file their taxes online ....

“What’s the biggest break that today’s tax code gives us?”

"...restrictive regulations...."

“...Help Maui families by allowing more small homes per lot....”

“You have to learn the rules of the game. And then you have to play better than anyone else.”

... Maui’s circuit breaker offers relief to people who own and live in their homes and have filed for property tax homeowner exemptions ....

... over one third—or $15.3 million—went unclaimed ....

... some bills replace a current tax rate with a blank.  Or several blanks.  Those are scary because you don’t know what our lawmakers are thinking of putting in there ....

... Hawaiʻi Department of Taxation Encourages Hawaiʻi Families to Claim Available Tax Credits ....

"... they’re not providing a very efficient source of revenue ...."

... the Carbon Disclosure Project ....

... provide anyone who rents to Lahaina residents displaced by the August 2023 wildfires a 100% exemption from Maui County’s property tax ....

... Bill 95 would exempt from the Maui County property tax all residential real property in Lahaina and other residential real property that was damaged or destroyed by the fires ....

... a sweeping reform of Kauai’s property tax system ....

... Bill 102 best of three bills but should be retroactive ....

... Maui County Council Bills 95 and 102 ....

... Resolution 23-243, which would give property tax relief to owner-occupants who failed to file for a homeowner exemption in 2022 and whose homes were taxed at the Residential A rate as a result ....

... Honolulu homeowners have until Oct. 2 to file for increased property tax exemptions that Grassroot Institute helped become law ....

... Bills on the move: Honolulu, Hawaii County, Kauai County ....

... a new tax classification specifically for long-term “gap” rentals ....

... At the ceremony, the Governor made clear that tax relief, especially for ALICE (asset-limited, income-constrained, employed) families, is still on the table.  There will be a Phase 2, he said, apparently targeting the 2024 legislative session ....

... Senator Donovan Dela Cruz, chair of the Senate Ways and Means Committee, hailed the tax break bill as a positive financial benefit for struggling families ....

... five blind monks trying to describe an elephant ....

... House Bill 954 would increase the personal exemption from $1,444 to $2,288 beginning with the 2023 tax year and increase the standard deduction ....

... 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 ....