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HI HR51
Resolution
Status
3/9/2016
Primary Sponsor
Derek Kawakami
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AI Summary
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Request the Department of Business, Economic Development and Tourism to conduct a study on retail sector developments projected for the next five to ten years and their economic impact on Hawaii's economy and workforce
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Study must analyze current tax policy trends related to retail sales, including the annual tax revenue lost to online retailers
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Study must examine the overall impact of retail on state gross domestic product, retail job activity, structure of Hawaii retailing, retail growth trends, and Hawaii consumer profile
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Retail comprises 80 percent of Hawaii's small businesses, represents one of the top three state industries, is the largest generator of general excise tax revenue, and contributes to one in four jobs
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Transmit certified copies of the resolution to the Director of Business, Economic Development and Tourism and the Director of Taxation
Legislative Description
Requesting DBEDT To Analyze the Impacts of Internet Retail on Hawaii's Economy
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) Fukumoto Chang, McDermott, Thielen, Tupola, Ward voting no (5) and Representative(s) Kong, Lowen, Matsumoto, McKelvey, Oshiro, Saiki excused (6).
3/28/2016