SUBJECT: FRANCHISE, INCOME, Earmark Tax Collections for Compliance Resolution Fund

BILL NUMBER:  SB 3075 HD 1

INTRODUCED BY: House Committee on Consumer Protection & Commerce

EXECUTIVE SUMMARY:   Ensures that the $2,000,000 franchise tax payment is credited in full to the compliance resolution fund for use by the division of financial institutions. Specifies that if franchise tax collections are insufficient, the difference will be derived from income tax collections. Clarifies that franchise tax revenues in excess of $2,000,000 shall be deposited into the general fund. Effective 7/1/2050.  We are concerned that the bill is defective because it violates the single subject rule. Continue reading SB 3075 HD 1 →

SUBJECT: FRANCHISE, INCOME, Earmark Tax Collections for Compliance Resolution Fund

BILL NUMBER:  SB 3075 SD 2

INTRODUCED BY: Senate Committee on Ways & Means

EXECUTIVE SUMMARY:   Clarifies that the Compliance Resolution Fund is to receive $2,000,000 of the revenues collected under chapter 241, Hawaii Revised Statutes; provided that, if the revenues collected are under $2,000,000, the difference shall be received from revenues collected under chapter 235, Hawaii Revised Statutes, in an amount not to exceed $2,000,000. Excess revenues collected under chapter 241, Hawaii Revised Statutes, shall be deposited into the general fund. Continue reading SB 3075 SD 2 →

SUBJECT: FRANCHISE, INCOME, Earmark Tax Collections for Compliance Resolution Fund

BILL NUMBER:  SB 3075 SD 1

INTRODUCED BY: Senate Committee on Commerce & Consumer Protection

EXECUTIVE SUMMARY:   Clarifies that the Compliance Resolution Fund is to receive $2,000,000 of the revenues collected under chapter 241, Hawaii Revised Statutes, provided that, if the revenues collected are under $2,000,000, the difference shall be from revenues collected under chapter 235, Hawaii Revised Statutes, not to exceed $2,000,000. The excess revenues collected under chapter 241 shall be deposited into the general fund.

Continue reading SB 3075 SD 1 →

SUBJECT: FRANCHISE, INCOME, Earmark Tax Collections for Compliance Resolution Fund

BILL NUMBER:  SB 3075, HB 2107

INTRODUCED BY: SB by KOUCHI by request, HB by SAIKI by request (Governor’s Package)

EXECUTIVE SUMMARY:   Clarifies that the Compliance Resolution Fund is to receive $2,000,000 of the revenues collected under chapter 241, Hawaii Revised Statutes, provided that, if the revenues collected are under $2,000,000, the difference shall be from revenues collected under chapter 235, Hawaii Revised Statutes, not to exceed $2,000,000. The excess revenues collected under chapter 241 shall be deposited into the general fund.

Continue reading SB 3075, HB 2107 →

SUBJECT:  INCOME, FRANCHISE, Partial Repeal of Renewable Energy Technologies Credit

BILL NUMBER:  HB 202, HD-2

INTRODUCED BY:  House Committee on Finance

EXECUTIVE SUMMARY:  Repeals the renewable energy technologies tax credit for solar energy systems and wind-powered energy systems for commercial properties for taxable years beginning after December 31, 2019, except for taxpayers subject to a power purchase agreement approved by a decision and order issued by the PUC prior to December 31, 2019. Increases the renewable energy technologies tax credit for solar water heater systems, other solar energy systems, and wind-powered energy systems for multi-family residential properties. Makes the renewable energy technologies tax credit unavailable after 12/31/2045.

Continue reading HB 202, HD-2 →

SUBJECT:  INCOME, FRANCHISE, Renewable Energy Technologies Credit

BILL NUMBER:  HB 202

INTRODUCED BY:  LOWEN

EXECUTIVE SUMMARY:  Amends the renewable energy technologies income tax credit to change limitations for certain technology types.  Provides increased caps for photovoltaic property that is grid-connected and incorporates energy storage system.  Allows credit for commercial seawater air conditioning system.  Generally, the credit is being phased down, perhaps in recognition that the technology involved is no longer new.  If approved, the credit would be an indeterminate expenditure of public dollars out the back door and could carry with it large administrative costs.

Continue reading HB 202 →

SUBJECT: INCOME, FRANCHISE, Revisor’s Bill

BILL NUMBER:  HB 1268, SD-1

INTRODUCED BY:  Senate Committee on Judiciary

EXECUTIVE SUMMARY:  This is the revisor’s bill that is submitted to correct errors and references, clarify language, and delete obsolete or unnecessary provisions.

Continue reading HB 1268, SD-1 →

SUBJECT: INCOME, FRANCHISE, Revisor’s Bill

BILL NUMBER:  HB 1268; SB 618 (Identical)

INTRODUCED BY:  HB by SAIKI; SB by KOUCHI by request

EXECUTIVE SUMMARY:  This is the revisor’s bill that is submitted to correct errors and references, clarify language, and delete obsolete or unnecessary provisions.

Continue reading HB 1268; SB 618 (Identical) →