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Wealth Taxes
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REITs should contribute more
Fund Our Future Star-Advertiser Editorial Board 2/26/20 Fund Our Future Star-Advertiser Editorial Board 2/26/20

REITs should contribute more

REITs own property in the islands with a collective estimated total value of $17 billion but, unlike other businesses, the trusts in Hawaiʻi are effectively exempt from state income tax.

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Key Hawaiʻi House committees approve minimum wage increase, earned income credit
Tax Credits Kevin Dayton 2/21/20 Tax Credits Kevin Dayton 2/21/20

Key Hawaiʻi House committees approve minimum wage increase, earned income credit

The measure would create a refundable earned income tax credit, and increase the state’s food/excise tax credit to $150 per person for families that earn less than $30,000 per year.

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Hawaiʻi lawmakers again considering taxing income on REITs
Fund Our Future Chad Blair 2/14/20 Fund Our Future Chad Blair 2/14/20

Hawaiʻi lawmakers again considering taxing income on REITs

Similar legislation was vetoed by Gov. David Ige in 2019, who warned that it would hurt investment in the islands.

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Advocates press for tax on real estate trusts
Fund Our Future Kevin Dayton 2/7/20 Fund Our Future Kevin Dayton 2/7/20

Advocates press for tax on real estate trusts

Real estate investment trusts own a number of landmark properties in Hawaiʻi, and their structure allows them to avoid paying Hawaiʻi’s corporate income tax.

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Hawaiʻi lawmakers propose package to reduce income inequality
Tax Credits Big Island Video News Staff 1/15/20 Tax Credits Big Island Video News Staff 1/15/20

Hawaiʻi lawmakers propose package to reduce income inequality

Lawmakers have announced a joint legislative package they say will benefit Hawaiʻi’s working-class families and individuals.

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