HI SCR138

Requests the Tax Review Commission to evaluate the impacts of general excise and use tax increases proposed during the 2016 regular session, specifically those in Senate Bill No. 2599 (public education) and Senate Bill No. 2478 (long-term care financing).

Requires analysis of eight specific tax impact areas including: who bears the cost of increases, regressivity effects, compatibility with progressive tax preferences, need for income tax credits, proportion of tax exported, revenue dedication assurances, fairness to all taxpayers, and Department of Taxation implementation capability.

Directs the Tax Review Commission to study whether the sublease deduction can be applied to hotels and transient accommodations in the same manner as other subleased real property to address general excise tax pyramiding.

Requires the Tax Review Commission to submit its study findings and recommendations to the Legislature and Governor as part of the Commission's final report.