Requesting The Department Of Taxation To Establish A Tax Amnesty Day To Allow Businesses And Individuals To Pay Unpaid Taxes Without Penalties Or Fines.
Impact
By instituting a Tax Amnesty Day, HR97 seeks to promote voluntary tax payments, enhancing overall compliance and, consequently, revenue collection for state services. Similar programs in other jurisdictions have reported successful increases in tax participation and reduced burdens on tax enforcement agencies. The resolution also recalls Hawaii's 2009 Tax Fresh Start Program, which successfully collected over $14 million from taxpayers utilizing amnesty provisions, suggesting a potentially favorable outcome from the proposed initiative.
Summary
House Resolution HR97 proposes the establishment of a Tax Amnesty Day in Hawaii, aimed at providing businesses and individuals with the opportunity to pay their unpaid taxes without facing penalties or fines. This resolution recognizes the state's reliance on tax revenues to fund essential public services, such as education, healthcare, infrastructure, and public safety, emphasizing the need for compliance from those who may have outstanding tax liabilities. The bill identifies various reasons for these unpaid taxes, including financial hardships, administrative errors, and unintentional noncompliance, suggesting that a tax amnesty could alleviate some of these burdens.
Contention
While the bill presents a straightforward mechanism for increasing tax compliance and easing taxpayers' burdens, there may be differing opinions regarding the effectiveness and fairness of a tax amnesty. Critics could argue that such amnesty programs might create a precedent for delaying tax payments, leading to a lack of urgency in settling dues among taxpayers. However, proponents counter that the short-term benefits of increased revenue and enhanced compliance can significantly support state operations and improve financial health across the community.
Same As
Requesting The Department Of Taxation To Establish A Tax Amnesty Day To Allow Businesses And Individuals To Pay Unpaid Taxes Without Penalties Or Fines.
Requesting That The Department Of Taxation Create A Simplified N-11 Form For Use By Individuals Without Taxable Income That Is Subject To State Income Tax.
Requesting That The Department Of Taxation Create A Simplified N-11 Form For Use By Individuals Without Taxable Income That Is Subject To State Income Tax.
Requesting That The Department Of Taxation Create A Simplified N-11 Form For Use By Individuals Without Taxable Income That Is Subject To State Income Tax.
Requesting The Insurance Commissioner To Consult With The Department Of Taxation Regarding The Establishment Of A Wind Resistance Retrofit Tax Credit Program.
Requesting The Insurance Commissioner To Consult With The Department Of Taxation Regarding The Establishment Of A Wind Resistance Retrofit Tax Credit Program.
Requesting The Department Of Transportation To Conduct A Study On The Impact Of Allowing Motor Vehicle Owners To Pay Their Motor Vehicle Registration And Associated Taxes And Fees Biannually.