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6 days ago | 
hawaiireporter.com | Tom Yamachika
Earlier this year, about two months ago, we wrote about tax liens and a bill that was advancing in this year’s Legislature to confirm that there was a light at the end of the tunnel for tax debtors. Before 2009, Hawaii had no statute of limitations on the collection of taxes. If it was assessed, it could be collected at any time. It could be 10 years later, 20 years later, 50 years later. The debt did not go away.
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6 days ago | 
thegardenisland.com | Tom Yamachika
Tom Yamachika | The Tax Man Earlier this year, about two months ago, we wrote about tax liens and a bill that was advancing in this year’s Legislature to confirm that there was a light at the end of the tunnel for tax debtors. Before 2009, Hawaii had no statute of limitations on the collection of taxes. If it was assessed, it could be collected at any time. It could be 10 years later, 20 years later, 50 years later. The debt did not go away.
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1 week ago | 
hawaiifreepress.com | Tom Yamachika
Light at the End
by Tom Yamachika, President, Tax Foundation Hawaii
Earlier this year, about two months ago, we wrote about tax liens and a bill that was advancing in this year’s Legislature to confirm that there was a light at the end of the tunnel for tax debtors.
Before 2009, Hawaii had no statute of limitations on the collection of taxes. If it was assessed, it could be collected at any time. It could be 10 years later, 20 years later, 50 years later. The debt did not go away.
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1 week ago | 
thegardenisland.com | Tom Yamachika
Tom Yamachika | The Tax Man We continue our wrap-up of the 2025 Legislature by examining a report issued by the Office of the Auditor that should have gotten more attention, if not from the general public, at least from the legislators. Current law (in HRS section 23-11) requires the Office of the Auditor to analyze each special fund proposed in legislation against the criteria in HRS section 37-52.3 that apply to special funds. This year, the auditor’s findings are in Report No. 25-05.
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1 week ago | 
alohastatedaily.com | Tom Yamachika
We continue our wrap-up of the 2025 Legislature by examining a report issued by the Office of the Auditor that should have gotten more attention, if not from the general public, at least from the legislators. Current law (in HRS section 23-11) requires the Office of the Auditor to analyze each special fund proposed in legislation against the criteria in HRS section 37-52.3 that apply to special funds. This year, the Auditor’s findings are in Report No. 25-05.
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1 week ago | 
hawaiireporter.com | Tom Yamachika
We continue our wrap-up of the 2025 Legislature by examining a report issued by the Office of the Auditor that should have gotten more attention, if not from the general public, at least from the legislators. Current law (in HRS section 23-11) requires the Office of the Auditor to analyze each special fund proposed in legislation against the criteria in HRS section 37-52.3 that apply to special funds. This year, the Auditor’s findings are in Report No. 25-05.
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2 weeks ago | 
hawaiifreepress.com | Tom Yamachika
2025 Legislative Special Funds -- 0 for 86 By Tom Yamachika @ 6:00 AM :: 5 Views :: Ethics, Hawaii State Government 2025 Legislative Special Funds by Tom Yamachika, President, Tax Foundation Hawaii We continue our wrap-up of the 2025 Legislature by examining a report issued by the Office of the Auditor that should have gotten more attention, if not from the general public, at least from the legislators. Current law (in HRS section 23-11) requires the Office of the Auditor to analyze each...
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2 weeks ago | 
hawaiireporter.com | Tom Yamachika
Last week, we covered the key bills that made it out of the legislature and to the governors office. This week, will be looking at a few bills that passed both houses of the legislature, but did not make it through conference. Those bills may come back to haunt us next year. House Bill 476 is at the top of this week’s list. The bill would have increased the maximum capital gains rate for income tax. Now, for individuals the maximum capital gains rate is 7.25% while the top individual rate is 11%.
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2 weeks ago | 
thegardenisland.com | Tom Yamachika
Tom Yamachika | The Tax Man Last week, we covered the key bills that made it out of the Legislature and to the governor’s office. This week, will be looking at a few bills that passed both houses of the Legislature, but did not make it through conference. Those bills may come back to haunt us next year. House Bill 476 is at the top of this week’s list. The bill would have increased the maximum capital gains rate for income tax.
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3 weeks ago | 
hawaiifreepress.com | Tom Yamachika
2025 Legislative Also-Rans By Tom Yamachika @ 6:00 AM :: 5 Views :: Hawaii State Government 2025 Legislative Also-Rans by Tom Yamachika, President Tax Foundation Hawaii Last week, we covered the key bills that made it out of the legislature and to the governors office. This week, will be looking at a few bills that passed both houses of the legislature, but did not make it through conference. Those bills may come back to haunt us next year. House Bill 476 is at the top of this week’s list....
