Tax Credits

...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....

...and this was before the geothermal plant was overrun by lava....

...Give us $1.55B and we’ll create 80,000 jobs.  Promise!  —uh--just like we did last time when you gave us $2B....

...The film generated more than $31 million in local economic activity and contributed more than $6.9 million in wages to over 1,200 local workers....

... 5 ways to transfer more of your money to Elon Musk ....

...You will be tested on the catechism of the State Religion....

...Net zero does not mean zero. Hawaii can cause a global rise in greenhouse gas emissions and call it net zero....

...Now, the IRS and the U.S. Treasury have indicated that they are going to weigh in....

... Following the Money 2018 -- How the 50 States Rate in Providing Online Access to Government Spending Data ...

...Over the past 15 years, the people of Hawaii have paid 260% more for electricity than the US average, while gasoline prices consistently hover close to $1-per-gallon higher.  (But we can go even higher)....

...After all the billions we gave them, HTDC's pet 'High Tech' tax credit recipents claim a paltry $61.27M in revenues for 2017....

...Ige needs to take action by March 21, 2018 to take advantage of "qualified opportunity zones"....

...Notice that they never mention the Cost?....

...We reviewed 85 house and senate bills proposing 64 special and revolving funds during the 2018 legislative session of which none met criteria....

... HTDC awarded 15 Hawaii-based companies $1,417,050 ....

...Allows Qualifying Families To Pay For Tuition At Private And Parochial Schools....

...In the 2017 legislative session, our legislature passed an earned income tax credit (EITC)....

...Proterra hopes to hype these buses into a billion dollar IPO to pay off Proterra investor Al Gore....

...Bill to address Adams v. CDM court ruling (HB2201/SB2993)....

...“Let's Give Money Back”....

...the PUC has basically said that it expects the program to crash and burn....

...Review of Special Funds, Revolving Funds, Trust Funds, and Trust Accounts of the Department of Taxation....

...repeals the state and local tax deduction for income and sales taxes and caps the SALT deduction for property taxes at $10,000. The home mortgage interest is grandfathered in and preserved for new homes up to $500,000....

...Recently, the Honolulu City Council approved on first reading Bill 80 (2017), which would award a real property tax exemption to “ocean-friendly restaurants.”...

...state lawmakers mostly would just be raising taxes on the rich and giving it to themselves....

...but they didn't limit the oppressiveness of the income tax hike that went with it....

There are two factors contributing to this regional variation. The first is that higher-income taxpayers tend to take larger deductions....The second factor for county-by-county variation is that state and local tax regimes differ substantially....