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Hawaii to Charge EVs a Road Usage Tax Starting July 1

CPA Practice

Revenue generated by Hawaiis gas taxes is declining because more Hawaiians are driving electric and hybrid vehicles. The RUC isdesigned to providefair, long-term, sustainable funding for Hawaiis roads, according to the Department of Transportation.

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Hawaii to Offer Tax Amnesty to Switch Short Term Rentals to Long Term

CPA Practice

Hawaii has some of the highest median home prices and rents in the country — and a persistent housing crisis. Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? By Gail Cole. Governor Josh Green thinks so.

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IRS Offers Tax Filing Extensions to Hawaii Wildfire Victims

CPA Practice

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then.

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Why are some states’ sale taxes higher than others?

TaxConnex

The lowest state-level sales tax (aside from the NOMADs) is in Colorado, Alabama, Georgia, Hawaii, New York and Wyoming. The highest state-level rates are in California, Indiana, Mississippi, Rhode Island and Tennessee.

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Vitamins, supplements and sales tax – the latest

TaxConnex

Vitamin and supplement labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug – though if prescribed by a physician vitamins and supplements are exempt from sales tax in Alabama, Indiana, Iowa, Maine, and possibly Hawaii.

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Excise Tax versus Sales Tax

TaxConnex

Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Excise tax” can also mean slightly different things in different states: Hawaii's general excise tax (i.e.

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Sales tax and real property improvement services (part 1)

TaxConnex

We see this often in Arizona and Hawaii and with types of projects in North Carolina and Texas, among other examples.) Some subtractors are also pure service providers, but services can be taxable in some states, meaning that resale/exemption certificates could need to be issued for those services.

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