Bill Text: HI HB1764 | 2014 | Regular Session | Introduced

Hawaii House Bill 1764 (Prior Session Legislation)

Introduced

Bill Title: Tax; Studies

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2014-02-19 - The committee(s) on FIN recommend(s) that the measure be deferred. [HB1764 Detail]

Download: Hawaii-2014-HB1764-Introduced.html

HOUSE OF REPRESENTATIVES	H.B. NO.	1764
TWENTY-SEVENTH LEGISLATURE, 2014
STATE OF HAWAII

A BILL FOR AN ACT

relating to the department of taxation.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The department of taxation shall conduct a study to develop a systematic approach to evaluate the costs and benefits of major state income and excise tax incentives. The study shall include the following:

(1) An inventory of the major state income and excise tax incentives;

(2) The current methodologies used to evaluate the costs and benefits of those major state income and excise tax incentives;

(3) The results of evaluations employing current methodologies;

(4) Recommendations for effective methodologies for future evaluations; and

(5) Any other issue that the department may deem informative for an understanding of the matter.

SECTION 2. The department shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature not later than twenty days prior to the convening of the regular session of 2015.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________

Report Title:

Tax; Studies

Description:

Requires DoTax to conduct a study to develop a systematic approach to evaluate the costs and benefits of major tax incentives.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.