HI HB1678

Requires state agencies that certify or administer tax credits or exemptions related to economic development to submit annual reports to the Department of Taxation, or the department shall prepare reports if no agency is designated.

Reports must include taxpayer names, addresses, total credit amounts, specific outcomes or results achieved, certification decisions, and other relevant contextual information if already available in existing databases.

Exempts proprietary information and other information determined exempt from disclosure by the department from report requirements.

Agencies must submit completed reports to the Department of Taxation by September 30 each year covering applications approved during the prior fiscal year, with the department posting reports on its website by December 31 in required format.

Effective July 1, 2012.