HI SB92

Requires the Department of Taxation to publish reports on general excise tax exemptions categorized as: wholesale rate tax expenditures, retail rate tax expenditures, and foregone export tax opportunities.

Grants the Department of Taxation discretion to determine which exemptions fit within each category and permits the Department to exclude exemptions that do not fit any category from reporting requirements.

Changes the income patterns reporting requirement to cover "businesses" instead of specifically naming "corporations, proprietorships, and partnerships."

Requires the Department to provide reports on income patterns and tax credits to the legislature no later than twenty days before each regular legislative session, and reports on business income patterns and general excise tax exemptions starting with the 2017 regular session.

Requires the Department to report to the legislature by December 31, 2015 on the status of its tax system modernization project implementation.