Hawaii trying hard to raise new revenues.
In Hawaii real estate and economic news, Representative Ward (R-Kalama Valley-Hawaii Kai)of the Big Island was quoted as saying, "When you pull money out of the economy, you weaken the pipeline, cash-flow and basic mechanisms that keep the economy strong. We want to keep our people employed, we want to keep our kids in school and we don't want these job-killing bills."
The $20 business tax measure would affect companies when they apply for permits, file documents or pay fees. That money would create $5 million to fund the Department of Business, Economic Development and Tourism.
The oil tax would cost consumers a few pennies per gallon, would gather a total of $30 million-- $10 million of that will help meet the state budget requisites, and the remainder would fund renewable energy programs. Car rental fees will increase from $1 to $4.50 per day. As ana side if you look for Big Island Real Estate then Sotheby's may be the way to go for you. All in all they specialize in high quality real estate transactions over on the Big Island.
Rep. Karl Rhoads, D-Kakaako-Downtown was quoted as saying, "This is a time when demand for services goes up, and we need the money."
Eliminating exemptions affecting nonprofits, airlines, hotel operators and labor groups will result in one of the largest revenue streams, and would bring in $100 million. Those exemptions would be replaced with a 1 percent tax.
Labels: Big Island Real Estate

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