HOUSE OF REPRESENTATIVES |
H.B. NO. |
353 |
THIRTY-FIRST LEGISLATURE, 2021 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to government revenues.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 46, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§46- Grants-in-aid; requirements. (a) Prior to appropriating moneys as a grant-in-aid to a county, the legislature shall consider whether the county, including a county agency, has maximized all of its sources of revenue, such as by limiting or eliminating the use of tax credits or tax exemptions.
(b) Twenty days prior to the convening of each regular
session, each county that provides tax credits or tax exemptions shall submit a
report to the legislature with a calculation of the revenues that the county did
not receive as a result of each tax credit or tax exemption provided by the county
in the preceding fiscal year.
(c) The legislature shall consider the information in the report required by subsection (b) in determining what amount, if any, to appropriate as a grant-in-aid to a county."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY: |
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Report Title:
Government Revenues; Counties; Grant-in-aid; Tax Credits; Tax Exemptions
Description:
Requires the legislature to consider whether counties have maximized their existing sources of revenue prior to appropriating moneys as a grant-in-aid.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.