HI HR218

Request the Tax Review Commission to study the projected net loss to Hawaii residents in federal tax liability resulting from how state and county governments are currently funded

Note that Hawaii's state government funds services (education, ambulance services, hospitals, corrections, courts) that counties typically fund in other states, while counties retain exclusive real property tax authority per Hawaii Constitution Article VII, section 3

Identify that the Internal Revenue Code allows real property tax deductions based on the assumption that most states use such revenues for these services, potentially disadvantaging Hawaii taxpayers who pay lower property taxes

Require the Tax Review Commission to submit findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2012 Regular Session convenes

Transmit a certified copy of the resolution to the Chairperson of the Tax Review Commission