Hawaii’s Tax ‘Imbalance’: Would A New State Property Tax Fix It?A proposal by House leaders would reduce or eliminate state income taxes, and shift part of the tax burden to non-residents.
Some House lawmakers have hatched a complex plan to export more of Hawaii’s weighty tax burden to non-residents, but it would require an amendment to the Hawaii state Constitution and a huge leap of faith on the part of the voters.
House Bill 1208 and House Bill 1209, which lawmakers say go “hand in hand,” together propose a tax system overhaul. The first bill asks the voters to amend the constitution to allow the state to impose property taxes.
If that idea wins approval — which is a long shot — HB 1209 would then “suspend” the Hawaii state personal and corporate income taxes.
