Taxes

The new law increases tax incentives per qualified production to $20 million. But productions with expenses over $60 million will have an annual film tax incentive cap of $60 million. That’s $10 million more than the current cap.

House lawmaker Adrian Tam spoke to HPR's The Conversation about a scuttled plan to amend the Transient Accommodation Tax for cruise ships.

Gov. Josh Green explains how the recently approved federal disaster declaration will aid residents impacted by the recent Kona low storms.

The state Legislature is considering significant changes to the conveyance taxes that are levied on a property when it's sold. HPR's Ashley Mizuo reports that lawmakers aim to use the increased revenue to fund transit-oriented housing and provide the Department of Hawaiian Home Lands with its first permanent stream of state funding.

The Tax Fairness Coalition, comprised of several community groups, is advocating for a progressive tax structure at the Legislature.

The state House passed the state's $20.5 billion budget, which starts in July. HPR's Ashley Mizuo reports that it incorporates impacts from federal funding while trying to preserve essential government services.

The Senate is attempting to recoup funds by reducing sweeping income tax cuts that went into effect last year and by reevaluating tax credits for things like renewable energy.

The state is looking at ways to fill holes in the state budget due to federal funding impacts. HPR's Ashley Mizuo reports on a measure that would pause the state's plan to reduce income taxes.

About 842 “ultra luxury” homes on Hawaiʻi Island are worth at least $4 million, and the county’s lawmakers could add a new, higher property tax tier for them.

Gov. Josh Green spoke to HPR's Bill Dorman about his plan to use $16.5 million in state money to continue health care subsidies in the short term.