taxes

The Senate's Ways and Means committee approved a version of House Bill 1327 on Wednesday. It would give educators a tax credit for expenses such as books, computer equipment and classroom supplies for keiki.

HB 1049 originally included a new tax credit for teachers that could be used to purchase classroom supplies. But WAM chair Donovan Dela Cruz suggested moving that specific credit to HB 1327.

Gov. Josh Green celebrated 100 days in office this week. Per campaign promises, Green has pushed efforts to build more affordable housing. For example, his administration initiated the building of the first neighbor island kauhale village on Hawaiʻi Island.

Lawmakers are reaching the halfway point of the 2023 legislative session. The Conversation checks back in with Tom Yamachika from the Tax Foundation of Hawaii about the latest tax bills failing and passing.

Hawaiʻi's congressional delegation has asked the U.S. Internal Revenue Service to correct the tax liability of families affected by the leak from the Navy Red Hill fuel storage facility in 2021.

Included in the overall package is a one-time $300 property tax credit for qualifying homeowners on Oʻahu. The city estimates it will help nearly 152,000 homeowners, amounting to about $45.5 million.

Housing advocates hope lawmakers will create a dedicated stream of funding for homeless services this legislative session. This comes after a bill that sought to raise the conveyance tax from 2% to 6% for properties selling for over $2 million did not meet an important deadline. HPR's Casey Harlow has more.

The state finished distributing all tax refunds to residents who filed their 2021 tax returns on time.

HONOLULU — The Hawaii Senate on Tuesday passed legislation that would increase the income tax paid by Hawaii's top wage earners to 16%, which would give…

HONOLULU — Hawaii is considering overtaking California as the state with the highest income tax rate in the nation, under legislation slated for a vote…