SUBJECT: TOBACCO, MOTOR VEHICLE, MISCELLANEOUS, Modifications to Special Funds
BILL NUMBER: HB 1297, SD1
INTRODUCED BY: Senate Committees on Health and Higher Education
EXECUTIVE SUMMARY: Makes certain special funds subject to deductions for central service expenses into the general fund. Beginning 7/1/2021, transfers to the credit of the general fund any amounts allocated to those special funds, including amounts allocated from the cigarette tax and tobacco tax to those special funds. Beginning 7/1/2021 transfers to the credit of the general fund surcharges and cigarette tax revenue allocated to the trauma systems special fund. Makes a general fund appropriation to the department of health for operating expenses.
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SUBJECT: INCOME, Motion Picture Credit Modification and Extension, Reduces Cap Amounts of Renewable Energy Credit
BILL NUMBER: HB 1174, SD1
INTRODUCED BY: Senate Committee on Energy, Economic Development, and Tourism
EXECUTIVE SUMMARY: Amends the motion picture, digital media, and film production income tax credit by: (1) Reducing the cap amount and aggregate cap amount of the credit; (2) Requiring the department of business, economic development, and tourism to publish on its website the names of the qualified productions and the amount of the tax credits claimed per qualified production per filing year; and (3) Allowing the tax credit for qualified productions to be carried over and applied to the taxpayer’s future state tax liability. Extends the repeal date of the tax credit from 1/1/2026 to 1/1/2033. Effective 7/1/2050. Increases the cap amounts of the renewable energy technologies income tax credit for community-based renewable energy projects on commercial property.
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SUBJECT: FUEL, Earmark to Fund EV Charging System Rebate Program
BILL NUMBER: HB 1142, SD1
INTRODUCED BY: Senate Committees on Transportation and Energy, Economic Development, and Tourism
EXECUTIVE SUMMARY: Allocates three cents of the barrel tax to fund the installation of electric vehicle charging systems. Establishes electric vehicle charging system subaccount within the public utilities commission special fund. Sunsets 6/30/2030.
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SUBJECT: TRANSIENT ACCOMMODATIONS, Add Personal Liability
BILL NUMBER: HB 1043, SD1
INTRODUCED BY: Senate Committee on Judiciary
EXECUTIVE SUMMARY: Amends chapter 237D, Hawaii Revised Statutes, to repeal the misdemeanor for failing to register under chapter 237D and replacing it with a fine structure and to make various technical amendments.
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SUBJECT: MISCELLANEOUS, School Impact Fee Exemption for DHHL Housing
BILL NUMBER: HB 753, SD1
INTRODUCED BY: Senate Committees on Education and Hawaiian Affairs
EXECUTIVE SUMMARY: Excludes housing developed by the department of Hawaiian home lands from school impact fees for three years.
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SUBJECT: INCOME, Collect information from real estate investment trusts.
BILL NUMBER: HB 286, SD1
INTRODUCED BY: Senate Committee on Commerce and Consumer Protection
EXECUTIVE SUMMARY: Requires real estate investment trusts to notify the department of taxation of its presence within the State and to report the assets and revenues generated annually. Imposes a daily monetary fine for noncompliance.
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SUBJECT: ESTATE, GENERAL EXCISE, USE, CONVEYANCE, Omnibus Tax Increase and Suspension of Exemptions
BILL NUMBER: HB 58, Proposed SD1
INTRODUCED BY: Senate Committee on Ways and Means
EXECUTIVE SUMMARY: Temporarily reallocates conveyance tax revenues for purposes of paying the principal and interest of general obligation bonds. Authorizes the issuance of general obligation bonds to be appropriated into and out of the land conservation fund and rental housing revolving fund. Amends the exclusion amount of Hawaii’s estate tax. From 7/1/2021 through 6/30/2023, temporarily repeals certain general excise tax exemptions. Increases conveyance taxes for the sale of properties valued at $4,000,000 or greater.
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SUBJECT: TRANSIENT ACCOMMODATIONS, County Surcharge on TAT
BILL NUMBER: HB 321, SD1 Proposed
INTRODUCED BY: Senate Committee on Ways and Means
EXECUTIVE SUMMARY: Repeals the distribution of transit accommodations tax revenues to the counties. Authorizes each county to impose a surcharge on transient accommodations tax.
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SUBJECT: FUEL, Barrel Tax earmark for Hawaii Agriculture and Forest Carbon Positive Incentive Program
BILL NUMBER: SB 493, HD1
INTRODUCED BY: House Committees on Energy & Environmental Protection and Agriculture
EXECUTIVE SUMMARY: Establishes the Hawaii agriculture and forest carbon positive incentive program, and funds it with an earmark on the barrel tax of an unspecified amount.
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SUBJECT: MISCELLANEOUS, Abolish Non-General Funds
BILL NUMBER: HB 1299, HD1
INTRODUCED BY: House Committee on Finance
EXECUTIVE SUMMARY: Repeals various non-general funds of the department of agriculture; department of budget and finance; department of business, economic development, and tourism; department of defense; department of education; department of health; department of human services; department of labor and industrial relations; department of land and natural resources; department of the attorney general; department of public safety; department of transportation; University of Hawaii; department of commerce and consumer affairs; department of Hawaiian home lands; judiciary; and Hawaii public housing authority. Implements recommendations of the auditor. Transfers most unencumbered balances to the credit of the general fund.
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