Category Archives: Franchise (HRS 241)

For financial institutions

HB 1522

SUBJECT:  INCOME, FRANCHISE, INSURANCE PREMIUM, Diversified Farming Business Investment Tax Credit

BILL NUMBER:  HB 1522

INTRODUCED BY:  MCKELVEY, MORIKAWA, SAN BUENAVENTURA, TODD, WARD

EXECUTIVE SUMMARY:  Enacts a new income tax credit to encourage investment in sustainable agriculture.  A direct appropriation would be preferable as it would provide some accountability for the taxpayer funds being utilized to support this effort.  Meaning, we as taxpayers know what we’re getting and we know how much we’re paying for it.

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HB 1216

SUBJECT:  INCOME, FRANCHISE, Low-Income Housing Investment Tax Credit

BILL NUMBER:  HB 1216

INTRODUCED BY:  CHOY

EXECUTIVE SUMMARY:  Enacts a new income tax credit to encourage investment in low-income housing projects.  A direct appropriation would be preferable as it would provide some accountability for the taxpayer funds being utilized to support this effort.  Meaning, we as taxpayers know what we’re getting and we know how much we’re paying for it.

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HB 1527, HD-1

SUBJECT:  INCOME, GENERAL EXCISE, PUBLIC SERVICE COMPANY, FRANCHISE, LIQUOR, Periodic Review of Exemptions and Credits

BILL NUMBER:  HB 1527, HD-1

INTRODUCED BY:  House Committee on Finance

EXECUTIVE SUMMARY:  This bill would require the Department of Taxation to periodically review exemptions and credits now provided under various tax chapters.  This type of review, however, should already be within the purview of the Tax Review Commission that is provided for in our constitution and is supposed to be appointed this year (given that it wasn’t appointed last year when it was supposed to happen).

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HB 1527

SUBJECT:  INCOME, GENERAL EXCISE, PUBLIC SERVICE COMPANY, FRANCHISE, LIQUOR, Periodic Review of Exemptions and Credits

BILL NUMBER:  HB 1527

INTRODUCED BY:  LOWEN, BROWER, ICHIYAMA, ING, JORDAN, KEOHOKALOLE, KOBAYASHI, C. LEE, LOPRESTI, LUKE, MORIKAWA, NAKASHIMA, NISHIMOTO, OHNO, ONISHI, SAIKI, YAMANE, YAMASHITA, Johanson, McKelvey

EXECUTIVE SUMMARY:  This bill would require the Department of Taxation to periodically review exemptions and credits now provided under various tax chapters.  This type of review, however, should already be within the purview of the Tax Review Commission that is provided for in our constitution and is supposed to be appointed this year (given that it wasn’t appointed last year when it was supposed to happen).

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