Hawaii SB651 mandates transparency and accountability for tax expenditures by requiring public disclosure and detailed analysis.

Hawaii SB651 requires that tax expenditures include an explanation of their intent, an analysis of their economic benefits, and a static revenue estimate. It mandates public disclosure of the claimant taxpayer's identity and the amount of tax expenditure claimed for certain economic activities. The bill also requires a repeal date for tax expenditures and an analysis of whether their benefits outweigh their costs.

Hawaii SB651 mandates transparency and accountability for tax expenditures by requiring public disclosure and detailed analysis.

Hawaii SB651 requires that tax expenditures include an explanation of their intent, an analysis of their economic benefits, and a static revenue estimate. It mandates public disclosure of the claimant taxpayer's identity and the amount of tax expenditure claimed for certain economic activities. The bill also requires a repeal date for tax expenditures and an analysis of whether their benefits outweigh their costs.