HOUSE OF REPRESENTATIVES

H.B. NO.

353

THIRTY-FIRST LEGISLATURE, 2021

 

STATE OF HAWAII

 

 

 

 

 

 

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:

_____________________________

 

 


 


 

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.

 

 

 

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