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HI HR177

Resolution

Official Source

Status

Passed

4/3/2025

Primary Sponsor

Kyle Yamashita

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Origin

House of Representatives

2025 Regular Session

AI Summary

  • Requests the Tax Review Commission consider five specific goals when deliberating on Hawaii's tax policy structure aligned with principles of equity, efficiency, and adequacy
  • Directs TRC to maximize benefits to Hawaii taxpayers by optimizing state and local tax policy provisions related to the federal Internal Revenue Code
  • Instructs TRC to ensure non-residents and visitors contribute fairly to the tax system while minimizing impacts on residents
  • Requires TRC to evaluate the effectiveness and appropriateness of all tax credits and exemptions under Hawaii law
  • Mandates TRC assess revenue generation factors, enforcement costs, and the positive or negative impacts of one-time versus recurring revenue sources

Legislative Description

Requesting That The Tax Review Commission Consider Certain Goals For An Equitable, Efficient, And Adequate Tax Policy Structure In Its Deliberations.

Last Action

Resolution adopted in final form.

4/3/2025

Committee Referrals

Finance3/14/2025

Full Bill Text

No bill text available