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HI HCR169
Concurrent Resolution
Status
3/10/2017
Primary Sponsor
Mark Nakashima
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AI Summary
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Department of Business, Economic Development, and Tourism shall convene an Economic Development and Tax Reform Working Group to study transferring real property tax authority to the State and allocating general excise tax revenues to counties.
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Working Group shall examine current real property tax revenue allocation for county services and state tax revenue allocation for government services.
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Working Group shall study the feasibility and economic impact of establishing tax benefits for state residents to offset real property taxes.
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Working Group membership includes state directors (Business/Economic Development, Taxation, Finance), one representative from each county, Chamber of Commerce Hawaii, University of Hawaii Economic Research Organization, and legislative appointees.
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Working Group shall submit findings, recommendations, and proposed legislation to the Legislature no later than twenty days before the 2018 Regular Session convenes.
Legislative Description
Requesting The Department Of Business, Economic Development, And Tourism To Convene An Economic Development And Tax Reform Working Group To Study, Among Other Things, The Economic Outcome Of Transferring The Authority To Tax Real Property Back To The State And Allocating A Portion Of General Excise Tax Revenues To The Counties.
General Excise Tax
Last Action
The committee on PSM deferred the measure.
4/13/2017