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ThinkTech Hawaii: Restaurants Are Getting Cooked (Talking Tax)

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Back GET Assessments on RRF Relief Funds. The hosts for this show are Mark Coleman and Tom Yamachika. The guest is Russell Ryan.

Because of the national impact of the pandemic, various relief programs were enacted by the federal government and helped ease the pain of individuals and businesses throughout the State–for example, Paycheck Protection Program (PPP). Some programs offered grants, or loans that were forgiven later, which normally result in income to the recipient of those benefits. In 2021, the federal government granted further relief to affected individuals and businesses, in the Restaurant Revitalization Fund (RRF) program and the Shuttered Venue Operators Grant (SVOG) program.

In 2023, however, DOTAX targeted restaurants that had received benefits under RRF. The department said that those benefits were taxable and demanded back GET taxes from the businesses although the restaurants already had spent the money (which they were required to do under the federal program).

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