Legislature Must Make Real Tax Reduction, Not Toss Taxpayers the Required $1 Token


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