Taxes

... ThinkTech has fallen victim to a phenomenon that has plagued many nonprofits including the Tax Foundation of Hawaii:  a drop in donor funding ....

... the state’s estate or “death” tax can force their heirs of local businesses to sell off the assets of their companies ....

... Here are the top videos that were posted in March ....

... highlights, frustrations at 2024 Legislature ....

... Comerford said his 45 years of living in Hawaii and 25 years of being a business owner are likely to end due to a recent state decision to collect taxes on federal Restaurant Revitalization Funds received during the COVID-19 lockdowns ....

... Gov. Josh Green addressed the tax and migration issues in his policy brief issued last month. One of his solutions is indexing the state's income tax for inflation, he said ....

... TABOR, a constitutional amendment approved by Colorado voters in 1992, limits the growth of government by limiting tax increases ....

... This is an issue here in Hawaii because our individual income tax rates can go up to 11%, second highest in the nation ....

... more than 500 companies with commercial use permits from the DLNR Division of Boating and Ocean Recreation (DOBOR), began collecting one dollar from each passenger or customer ....

... Overall Tax Burden 11.80% ....

... HB 1675: GET exemption for medical services paid for by Medicare, Medicaid, and TRICARE ....

...When government is finally saying it is the problem, it’s on the right track to finding a solution....

... outmigration since 2020 has resulted in the loss of $185 million in general excise taxes and state income taxes, or approximately $61.8 million per year ....

... 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 ....

... the sixth person charged in connection with the investigation into a group tied to Dexter Kiama and David Keanu Sai ....

... states with the Best & Worst Taxpayer Return on Investment in 2024 ....

... there are bills advancing that would, if enacted, fundamentally change how Hawaii’s estate tax works ....

"... will come at an extraordinary cost ...."

... the County recognized over $56.9 million of MCTAT revenue on its financial statements. However, as of June 30, 2022, only $40 million (1) was actually deposited ....

... supporting HB 1675 as the first step in getting rid of GET for medical services ....

... Here’s how the strategy works ....

... for middle income earners, taxes take 13.62% of income--highest in the USA ....

... two proposals that would increase the transient accommodation tax, known as TAT ....

... trampling on taxpayers’ rights ....

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

... House Bill 2406 would impose a $25 "transient accommodation tax," also known as a TAT, on top of the 10.25% TAT that is already in place ....

... good housing bills, awful tax bills at Legislature ....

... The Counties all oppose this bill ....

... since 2007, not one thin dime has been spent out of the school impact fees collected ....

... It used to be that you could trust the Legislature to not raise taxes during an election year ....

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

... the process to separate the wheat from the proverbial chaff has begun ....

... reduce housing regulations, support reform of the federal Jones Act and cut taxes ....

... restaurants hit with surprise tax bill applicable to the financial aid received under federal Restaurant Revitalization Fund .... 

... Will this be the year that we finally start to see positive big changes — or are we going to see more taxes, more spending, more regulations? ....

... the Carbon Disclosure Project ....

... Maui County surcharge and GET is 4.5% as of Jan. 1, 2024 ....

... In the 2023 legislative session, that legislation was amended beyond recognition in both the House and Senate ....

... “artificial limiters” imposed on the housing stock via the state’s 5% cap on land zoned for residential ....

... a bill calling for a constitutional amendment to enact a tax on residential investment property valued at over $3 million ....

... It isn’t very far into the new year, but already the tax hike proposals have begun ....

... Hawaii 3rd biggest loser ....

... remedy the consequences of some other folks who dropped the ball ....

... Honolulu consumers will be subjected to a double whammy next year ....

... a new real property tax classification specifically for long-term rental properties ....

... The ordinance that levies heavy fines on short-term rentals in Honolulu remains in effect only for new rentals beginning operations after the ordinance was put in place ....

... Green has acknowledged that an STR ban would probably result in legal challenges, but he shouldn’t ignore the fact that a back-door ban through a tax hike also could result in legal and political headaches ....

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

... an approximate increase of 0.79 percent ....

... the state had a huge surplus and many of our lawmakers were going hog-wild trying to spend it ....