HI SCR58

Requests the Tax Review Commission to conduct or commission a study evaluating all or certain state income tax credits, exclusions, and deductions.

Directs the Commission to prioritize evaluating tax provisions that result in the most significant loss of state general fund revenues if all provisions cannot be assessed due to resource or time constraints.

Requires the Tax Review Commission to submit its findings and recommendations to the Legislature and Governor along with its constitutional evaluation pursuant to article VII, section 3 of the Hawaii State Constitution.

Establishes legislative findings that current income tax credits, exclusions, and deductions require evaluation to determine their tax expenditures, benefits, merit, and necessity, as they reduce state revenues and place burden on other taxpayers.