Under the state constitution, the Hawaii State Legislature must provide for a tax rebate or a tax credit this coming session as the state general fund experienced a surplus of more than 5 percent of general fund revenues during the past two consecutive years.

In the past when these surplus conditions occurred, the legislature tended to provide a token tax credit of $1 per exemption. Only when the surplus was so embarrassingly large did lawmakers provide a three-figure tax credit. The reasoning for this token amount was that the state had so many

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