“It’s the economy, stupid,” is a catchphrase made famous by Bill Clinton when he ran for president in 1992 and won.
At the Legislature, I often hear legislators considering proposed tax legislation ask our state Department of Taxation (DOTAX) how much money a certain proposal would bring in (if it’s a “revenue-raiser”) or cost (if it’s a tax credit or exemption).
A long time ago, in October 2015 to be more precise, the Tax Foundation of Hawaii sued the state. Why? Because at the time, the state was skimming 10 cents off every dollar that was being collected for rail, and it plopped the money into the state’s general fund, where it was spent on everything but rail.
When we learn about our three branches of government, we’re usually told that the legislative branch makes the laws, the executive branch carries them out, and the judiciary branch interprets them. Each branch serves as a check and balance on the other two.
Our Office of Hawaiian Affairs (OHA) formed some limited liability companies (LLCs) a while ago and dropped significant assets into them, including some 1,875 acres in Waimea Valley on Oahu that were conveyed to Hi‘ipaka LLC in 2007.
We’ve written a lot about the Hawaii State Watch Doggie.
Several online travel companies engaged in protracted litigation against the state Department of Taxation over whether and to what extent they are liable for Hawaii general excise and transient accommodations taxes on hotel accommodations that they sold to third parties on their respective platforms.
Well, it looks like the Hawaii State Watch Doggie has woken up from his nap.