Bill > HR177

This resolution requests that the Tax Review Commission (TRC), a body required by Hawaii's constitution to evaluate the state's tax structure, consider specific goals when reviewing tax policy. The goals include maximizing benefits for Hawaii taxpayers by considering federal tax code provisions, assessing the impact of federal policies on local taxpayers, ensuring non-residents and visitors contribute fairly to the tax base while minimizing the burden on residents, and evaluating the effectiveness of existing tax credits and exemptions. The resolution also asks the TRC to examine one-time versus recurring tax revenue sources and analyze factors affecting revenue generation and enforcement costs. This request is grounded in three primary principles of sound tax policy: equity (how tax burdens are distributed), efficiency (transaction costs of the tax system), and adequacy (ability to generate sufficient revenue for government spending). The resolution concludes by directing certified copies to be sent to the Director of the Department of Taxation and the Chair of the Tax Review Commission, underscoring the importance of a comprehensive and thoughtful approach to tax policy.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=177&year=2025