HI SR30

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

If resources or time constraints prevent evaluation of all credits, the Commission should prioritize those resulting in the most significant loss of state general fund revenues.

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

Identifies income tax credits, exclusions, and deductions as major components of the state's tax structure requiring evaluation to determine their tax expenditures, benefits, merit, and necessity.

Cites the 2005-2007 Tax Review Commission's review of general excise and use tax exemptions as a successful precedent for this evaluation effort.