From Hawaii State Auditor, May, 2020 

Foreward 

In 2020, a novel coronavirus that causes COVID-19 forced the State of Hawai‘i to take unprecedented measures to protect public health, at great cost to the Islands’ economy. Efforts to mitigate the impact of the global pandemic shuttered all but essential local businesses and slowed tourism to a trickle. Job loss and wage reductions quickly followed. Tax collections – from general excise taxes, transient accommodations taxes, and income taxes, among others – are projected to tilt sharply downward. Under these extraordinary conditions, the Office of the Auditor is reviewing prior audit reports and other information to identify potential revenue sources, including possible suspension of General Excise Tax exemptions. In 2011, the Legislature passed Act 105, which temporarily suspended a number of General Excise Tax exemptions for FY2012-FY2013. We present the following data on the provisions suspended pursuant to Act 105 for informational purposes should a measure comparable to Act 105 be considered as a response to the economic impact of the COVID-19 pandemic. This report should not be construed as a recommendation by us on tax policy.

Report No. 20-05, Report on General Excise Tax Exemptions Suspended in FY2012 – FY2013

In 2011, the Legislature passed Act 105, which temporarily suspended a number of General Excise Tax exemptions for FY2012-FY2013. We present the following data on the provisions suspended pursuant to Act 105 for informational purposes should a measure comparable to Act 105 be considered as a response to the economic impact of the COVID-19 pandemic. This report should not be construed as a recommendation by us on tax policy.

Full Report

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Reports 20-06 and 20-07 From Hawaii State Auditor, May, 2020 

Foreward 

We review special, revolving, and trust funds every five years, providing important information on state moneys held outside of the State’s General Fund. This report contains two sections. The first identifies special and revolving fund accounts that have been inactive for the past fiscal years. The second lists special and revolving fund accounts whose balances appear to be significantly more than necessary to support the associated programs.

Report No. 20-06, Report on Special and Revolving Fund Accounts with Inactive or Excess Balances

...special and revolving fund accounts that have been inactive for the past fiscal years....

20-06 Full Report

Report No. 20-07, Report on Potential Available State Moneys Identified in Prior Audit Reports

In this report, we highlight portions of our prior audit reports about the Deposit Beverage Container Deposit Fund, Report No. 19-08; the Special Land and Development Fund, Report No. 19-12; and the Land Conservation Fund, Report No. 19-01.

20-07 Full Report