Tax Credits

... The Auditor was supposed to start on the first chunk last year and finish the report before the start of the 2020 legislature, but ....

"...Through the issuance of a 'no action message,' DFI is not taking any action against these companies...."

...Now that the economy is down and tax revenues are in the tank, we are now seeing cases of our Department of Taxation using some particularly nasty provisions in the tax code....

...Tax Foundation of Hawaii, urged the Legislature to adopt key provisions of the CARES Act although it became law in 2020. DoTAX, in testimony, proposed to adopt a few provisions and leave others on the cutting room floor....

...For tax benefits, the pendulum has started swinging in the other direction as well....

...we struggled to determine the purposes of the provisions reviewed, and in some cases, were unable to even infer the purposes. Additionally, we had no objective means to assess whether provisions were achieving their purposes....

...Last week saw second highest application total this year....

...another general excise tax exemption that the State Auditor has put under the microscope....

...This tax credit will be applied to next year’s taxes. Annual filing is required for this credit....

...tinkering with the tax code to raise more money has the effect of putting the brakes on what little spin we have left on our economic engine....

...how many times will Hawaii fall for phony High-Tech scamsters?....

...Really Obvious Question: How many of these 16 are represented by Caliboso?....

...This is not a far-fetched scenario....

...The non-dispatchable nature of these technologies creates operational challenges for system operators....

...State of Hawaii’s “Digital Currency Innovation Lab” seeks applicants for first pilot program....

...We reviewed 99 House and Senate bills proposing 63 special and revolving funds during the 2020 legislative session. None satisfied the criteria....

...This year’s Legislature has produced some unique proposed solutions to deal with our housing crisis....

...concealed from Koyo the fact that one of its upper level managers was an owner of the sham pass-through companies....

"...legislative package of bills to reduce income inequality...."

...“Inspiring Nationally Vibrant Economies Sustaining Tribes (INVEST) Act"....

...tax assessments were inconsistent and inequitable, exemption and dedication property requirements were violated, and taxes assessed did not reflect the highest and best use of the properties....

..."Failing States" do not meet even basic standards of online spending transparency for economic development subsidies....

... which horse do you think finished pulling the wagon first? ....

...the Motion Picture, Digital Media, and Film Production income tax credit....

...the federal production tax credit for wind is scheduled to be phased out at the end of 2019....

... NELHA Host Park generates over $100M annually ....

...DoTAX continues to construe the film tax credit statute to include out-of-state expenditures as “qualified production costs,” which is inconsistent with the plain language of the statute and the Legislature’s intent....

...zero emission vehicle program are pre-empted under the Energy Policy and Conservation Act (EPCA), which specifically prohibits states from adopting or enforcing laws or regulations “related to” fuel economy standards....

... Department of Land and Natural Resources is doing a reforestation project in East Maui. It’s hired a vendor to certify the project for “carbon credits.” Why are they doing that if we don’t even have a carbon tax ....

...program for the installation or upgrade of electric vehicle charging stations in publicly accessible commercial areas, workplaces, and multi-unit dwellings....

...The accelerator will be based at NELHA’s Hawai‘i Ocean Science and Technology Park in Kailua-Kona on Hawai‘i ‘i Island and is expected to start its first cohort in the fall of 2019....

...Multiple carbon-dioxide tax bills are under consideration in the current session of the Hawaii State Legislature....

...During FY 2018, the total deposit amounts reimbursed to Reynolds Recycling was approximately $7.96 million....

...Multiple bills heard this session have revolved around encouraging residents to save. The details vary, but there’s a common theme: The state wants to be your local bank....

...The 2018 consolidated renewable portfolio standard (RPS) remained the same percentage as it was in 2017, at 27 percent. The consolidated number would have been 29 percent had Puna Geothermal Venture (PGV) produced at the same level as 2017....

...In tax year 2016, a total of $289.1 million was claimed in tax credits...the largest tax credit was the renewable energy technologies tax credit ....

...If enacted, the carbon tax would be the fifth special tax imposed on fuel....

...Establishes a creepy DC-based "Carbon Dividend Trust Fund" that seeks a backdoor two-child limit on families....

...Any carbon-pricing mechanism should be “adequate to change behavior.”  The commission had considered asking that it be “practical” as well, but Sen. Karl Rhoads convinced the members that was a bad idea….

...only Washington State taxes the poor more than Hawaii....

...The saga of this credit tells us a little about a bold move undertaken in the 1978 Constitutional Convention and our lawmakers’ reaction....

...The Aloha State, one of Kiplinger's top ten least tax-friendly states, is known for its high cost of living — and high taxes....

...Qualified homeowners still have time to apply for a real property tax credit offered by the City and County of Honolulu....

...48 productions registered for the credit, with estimated qualified expenditures north of $268 million in exchange for $55 million in tax credits....

...Real property tax credit offered for Honolulu homeowners with combined income of less than $60,000....

...including ethanol in the U.S. gas supply is wreaking havoc on the atmosphere and soil....

...Thanks to the changes in lease language, the state landlord has no clear idea of how many tenants are at NELHA, what they produce, or what rent they pay....

...The defendants, led by a tax preparer and her husband, allegedly attempted to steal over $400,000....

... $200 million, or most of it, is headed out the door with no visible means of getting it back.....

...PCC will finance systems totaling 413 kilowatts (kw), with flexibility to install additional systems and features. The agreement marks the first commercial on-bill financing project in Hawaii using the Hawaii Green Infrastructure Authority's recently launched Green Energy Money $aver (GEM$)On-Bill program....