Taxes

... The Legislature's proposed spending plan for fiscal 2024 could result in a state budget deficit of $45 million by fiscal 2028, if OK'd by the governor ....

... county lawmakers have it in their power to prevent or at least mitigate property tax increases ....

... the Tax Foundation’s 2023 State Business Tax Climate Index ....

... The Tax Relief Shell Game Ends, and Broad-Based Relief Didn’t Make It ....

... it finally became clear which big-ticket items were going to make it to the governor’s desk for signing — or hit the cutting room floor ....

... Grassroot Institute in the news ....

... Making Hawaii’s county property tax systems more simple is the best way Hawaii’s counties can provide tax relief ....

... The overall tax burden in Hawaii, which is a measure of taxes paid as a share of annual income, was 9.2% of the state's income per capita of $60,947, second only to Vermont ....

... Not all of Gov. Josh Green’s proposed tax cuts survived lawmakers’ scrutiny this session, but enough are still alive to be optimistic....

... If Hawaii’s politicians aren’t careful, they might kill the goose that lays the golden egg .... 

... a policy toolkit for county lawmakers seeking to offset spiking property assessments ....

... Each of these factors is influenced directly by state lawmakers through the legislative process ....

... Resolution No. 2023-33 will establish the real property tax rates for fiscal 2024 ....

... Wealth tax, proposed simultaneously in seven states including Hawaii ....

... Testimonies submitted to the state Legislature, Honolulu Council, and Maui Council by the Grassroot Institute of Hawaii during the past week ....

... only one Senate committee, Ways & Means, will be entrusted with the fate of all three bills ....

... No one likes the idea of our county governments profiting from Hawaii’s high cost of living.  But that’s what is going to happen soon unless we engineer some property tax relief ....

... Akina said Hawaii home prices are sky-high because of the scarcity of housing caused by “all the regulation … that developers and individual home builders have to go through in order to renovate or in order to build.” ....

"...what you’re really doing is just shifting the visitor impact around, and you’re creating new issues of congestion and use....”

... The Internal Revenue Service issued guidance today on relief payments ....

... motivating these businesses—or at least certain aspects of their business—to locate elsewhere ....

... impractical and legally dubious ....

... we can’t afford not to cut taxes because really, what we’re sitting on right now, are unhealthy ending balances ....

... 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 ....

... Hawaii’s state debt is also among the top five in the nation at $7,992 per capita and $11,879 when local debt is factored in as well ....

... only New York is worse ....

... three reasons: the state general excise tax, Hawaii's occupational licensure laws and the state's medical certificate-of-need laws ....

... the Committee on State Taxation focuses on the impact of state taxes on businesses across the country ....

... The Hawaii State Legislature is off and running again after a brief pause during which the House and Senate exchanged the bills they each had approved ....

... Hawaii State & Local Tax Burden as a Share of State Income -- 14.1% -- 3rd highest in USA -- $8,410 per capita ....

... 73% of people think the government doesn’t spend their tax dollars wisely ....

... The Chocks were plaintiffs alongside Rose Dradi, a Keanu Sai-Dexter Kiama collaborator, in a now-dismissed Sept 7, 2018, lawsuit claiming the IRS had no legal authority to collect taxes from them ....

... Senate Bill 362 proposes to double the tax on residential property, selling for at least $2 million ....

... Wednesday was Gov. Josh Green’s 100th day in office, and I think it’s safe to say his honeymoon period with voters and the Legislature has come to an end ....

... update on the state budget and the Majority Caucus' legislative priorities ....

... the revenue that did materialize was spent in a flash ....

... The Hawaii Legislature is halfway through its 2023 session ....

... 'Crossover' is March 9, but any bill not out of committee by today likely will be dead ....

... Bill 40’s proposal would increase the home exemption by a mere 10% and the exemption for older individuals by just 7% ....

... your cousins will have to pay hundreds of dollars to go to the family barbecue at Ala Moana Beach Park ....

... tax proposals introduced at the Legislature, the outlook for the state budget, and where Hawaii is at in paying off its debt and unfunded liabilities ....

... We have been taxing the bejeebers out of tourists ....

... Difficulty in administering a “wealth tax” is the primary reason there are only three European countries with wealth taxes today, down from 12 in 1990 ....

... this classification creates a significant tax burden for landlords — even those renting to working class families ....

“...Just as assistance provided to individuals by the Federal Emergency Management Agency under the Stafford Act is exempted under Section 139 of the Internal Revenue Code, we believe the Red Hill emergency assistance should also be exempted....”

“Businesses that are involved in the cannabis industry must ensure that their activities comply with the law.”

... the proposed tax credit could be critical for some property owners who might otherwise have to increase the rents of their tenants ....

... 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 ....

... the excise tax is a tax on the total revenues of the businesses, at every transaction level, from manufacturing to wholesale to retail ....

... The measure would also exempt the sales of cannabis and manufactured cannabis products for medical use from the general excise tax ....