Thursday, February 27, 2020
Hawai'i Free Press

Current Articles | Archives

Monday, February 02, 2015
SB946/SB958: Cut Business GE Tax and Business Income Tax
By Sen. Sam Slom @ 10:56 PM :: 2944 Views :: Small Business, Taxes

A bill to repeal the corporate income tax is set for a public hearing before the committee for Economic Development and Technology on Wednesday, February 4, 2015 at 2:45pm at the Capitol Building, Room 016.

The Public are urged to come and support SB958.

News Release from Office of Sen Sam Slom, February 2, 2015

HONOLULU—Senator Sam Slom has introduced SB958, a bill to repeal the corporate income tax. The Committee for Economic Development and Technology will hold its first public hearing to consider the bill this Wednesday, February 4 at 2:45pm at the Capitol Building, Room 016.

Senator Slom says "The revenue brought to the state by the corporate income tax is not enough to justify how much it stifles small businesses and local entrepreneurship.  Repealing the tax will give a much needed boost to the local economy, by allowing people to grow and expand their businesses.  We are hoping this will in turn promote job growth and lower the price the people of Hawaii must pay for goods and services."

Opponents argue that the corporate income tax should stay in place to ensure that businesses pay their fair share of taxes.

"One argument I often hear for keeping the corporate income tax in place is how much money it brings to the state, which is about $96 million annually," said Senate Minority budget director Paul Harleman.  "But to put that in perspective, that is only 2% of state general fund revenues.  It is simply not a significant source of income for the state."

Proponents of repealing the corporate income tax predict that relief from the tax will benefit consumers by lowering the cost of goods and services.

To view SB958, click here.  The public is invited to submit written testimony online by clicking here, or visiting, searching for SB958 using the "Search by Measure" feature and clicking "Submit Testimony."

  *   *   *   *   *

Also set for hearing on Wednesday is SB946, a bill to remove the general excise tax on business-to-business transactions.  The public is encouraged to get involved and submit written testimony to the committee here or by using the "Search by Measure" feature outlined above.

According to the Council on State Taxation, Hawaii businesses pay 40% of the GET which amounts to $1.2 billion dollars.

Senator Slom says "Hawaii's businesses are overburdened.  It is time to ease the burden, and make the state of Hawaii a better place to do business."

As a reminder to the public, the most effective testimony is a combination of written and oral testimony.  Written testimony must be submitted 24 hours before the hearing, but if that deadline has passed, individuals are welcome to attend the hearing and give their testimony in person.

# # # # #


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

808 State Update AM940


ACA Signups Hawaii



Alliance Defending Freedom

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii



Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust 

Build More Hawaiian Homes Working Group

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

CSIS Pacific Forum

DAR Hawaii

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii


Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Heritage Foundation

HI Coalition Against Legalized Gambling



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube


Hump Day Report

I Vote Hawaii

If Hawaii News

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

Judgepedia Hawaii

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes


Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii


National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii


OHA Lies

Opt Out Today

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii


Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Cope

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii