SUBJECT: INCOME, FRANCHISE, Deduction for teacher supplies and tax hike for financial institutions
BILL NUMBER: HB 1720
INTRODUCED BY: ING, CREAGAN, GATES, KEOHOKALOLE, KONG, WOODSON
EXECUTIVE SUMMARY: Allows for a state income tax deduction for teacher supplies purchased related to the classroom. Increases the franchise tax on banks and other financial corporations.
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.
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.
SUBJECT: INCOME, FRANCHISE, Periodic Review of Exemptions and Credits
BILL NUMBER: HB 1527, CD-1
INTRODUCED BY: Conference Committee
EXECUTIVE SUMMARY: This bill would require the State Auditor to periodically review the myriad exemptions, deductions, and other tax benefits now provided under chapters 235 and 241, as well as some miscellaneous provisions.
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).
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).
SUBJECT: INCOME, FRANCHISE, Periodic Review of Exemptions, Deductions, and Credits, Surcharge on Beneficiaries of Tax Benefits
BILL NUMBER: SB 2548
INTRODUCED BY: TOKUDA, BAKER, DELA CRUZ, ENGLISH, GALUTERIA, INOUYE, KEITH-AGARAN, KIDANI, NISHIHARA, SHIMABUKURO
EXECUTIVE SUMMARY: This bill would require the State Auditor to periodically review the myriad exemptions, deductions, and other tax benefits now provided under chapters 235 and 241. The cost of the review would be recovered by a surcharge on those who now take the exemptions. 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). In addition, the surcharge would be unfair to the recipients of income that is exempt by design of the tax system.
SUBJECT: INCOME, FRANCHISE, Periodic Review of Exemptions, Deductions, and Credits, Surcharge on Beneficiaries of Tax Benefits
BILL NUMBER: SB 3075; HB 1610 (Identical)
INTRODUCED BY: SB by L. THIELEN, Espero, Gabbard, Ihara, Kim, Nishihara; HB by THIELEN
EXECUTIVE SUMMARY: This bill would require an owner of a trailer bought out-of-state and subsequently brought into the State to provide proof of payment of the use tax with the application for registration unless otherwise exempt. It applies to trailers the requirements now applied to other motor vehicles, and is reasonable.