Tax Credits

...sets the aggregate annual cap at $60,000,000. Beginning with costs incurred after December 31, 2023, any unused portion of the aggregate cap will carry over to increase the next year’s cap....

...Grading Hawaii's Legislature on Taxes - Keli'i Akina Interviews Tom Yamachika....

“WHEREAS, the retroactivity of the RETITC annual cap presents a risk of litigation...."

...Senate Bill 3125, Our Big Tax Bill (which is still a lot smaller than the federal One Big Beautiful Bill Act) was signed into law on May 21 and became Act 24, what I am calling the One Big Tax Bill Act or OBTBA....

...increasing income taxes on higher earners could drive away “business owners, entrepreneurs, doctors, people that we really need in our state.”....

... what is going to happen to the renewable energy technologies credit ....

... More tax news that’s fit to print (and maybe some that isn’t) ....

"... This is harder than it seems ...."

... Miske Mob Were All Union Drivers on Set of Hawaii 5-0 ....

... WAM adopted our redraft ....

... yelling, cursing, swearing, finger-pointing, accusing, etc., and it has created a very hostile and toxic work environment for DOTAX staff ....

... Sept. 30, 2025 is the deadline to apply ....

... 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 ....