This week, we continue coverage of our legislature by highlighting some of the more unusual or remarkable tax bills being considered. We focus on bills that not only have been introduced, but that have gotten a hearing before a legislative committee and are actively moving toward enactment.
In the beginning of February each year, the Japanese celebrate the Setsubun festival. The festivities typically include roasted beans. Family members throw them out the door, or start pelting one of their own members who is dressed up like a demon, to represent driving out the bad luck and welcoming in the good luck.
On January 12, Governor Ige’s Chief of Staff and former Director of Taxation Linda Chu Takayama told the House Finance Committee a little more about the revenue enhancement measures (tax hikes) that the Administration is going to propose.
The path leading to how to fix our battered economy has taken some crazy twists and turns.
Developments during this COVID crisis have brought out tax scofflaws in some of the most unexpected ways.
“Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.” So reads the Eighth Amendment, part of the Bill of Rights of the U.S. Constitution.
A few weeks ago, we wrote about how the State’s procurement law was suspended by Governor’s Emergency Proclamation. We argued it meant standardless spending, and we were delighted to report last week that the issue was addressed in the most recent Emergency Proclamation.
Let’s first start by stating the obvious. We’re in trouble. According to the latest forecasts put out by our Council on Revenues, we have a state budget hole of more than 2 billion dollars.