The Hike In State Income Taxes On Top Earners Is As Good As Dead - Honolulu Civil Beat
The federal COVID-19 bailout and strong objections from constituents are helping to sink the bill. Reading time: 3 minutes.
A controversial tax hike that would have reaped an extra $1.8 billion over six years from the state’s highest-income taxpayers now appears almost certain to die in the House.
Senate Bill 56 was passed by the state Senate on Tuesday. But supporters were dismayed to see House Speaker Scott Saiki give the measure a quadruple referral this week meaning he assigned the bill to four House committees that must each hold hearings and vote in favor of the measure before it can pass.
Here s How Tax Increases Are Shaking Out In The Hawaii Legislature - Honolulu Civil Beat
Here’s How Tax Increases Are Shaking Out In The Hawaii Legislature
Senators moved to raise income taxes on high earners, and the House passed capital gains and inheritance tax increases. Reading time: 7 minutes.
As Hawaii lawmakers approach the midpoint of this year’s session, they are positioning a variety of tax increase bills for passage later in the session, just in case they are needed.
But whether those tax hikes finally pass this year will depend largely on what happens in Washington, D.C.