THE SENATE	S.B. NO.	2257
TWENTY-NINTH LEGISLATURE, 2018		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TAXATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The legislature finds that the revenue impact of proposed federal legislation is available to the public, providing transparency on the financial effect of proposed legislation.

The purpose of this Act is to create a similar level of transparency for proposed state legislation by requiring that revenue estimates and the methodology used and assumptions made in providing the estimates be made available to the public.

SECTION 2. Chapter 231, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§231-    Revenue estimates regarding proposed legislation. Any revenue estimate provided by the department to the legislature or to any executive or administrative office with respect to proposed state legislation shall be accompanied by a description of the methodology used and assumptions made in providing the estimate. The revenue estimate and description shall be open to public disclosure, inspection, and copying, notwithstanding sections 235-116, 237-34, and 237D-13, or any other law restricting disclosure of tax return or tax return information to the contrary."

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2050.

Report Title:

DOTAX; Revenue Estimates; Public Disclosure

Description:

Requires that revenue estimates provided by the Department of Taxation to the Legislature or to any executive or administrative office with respect to proposed legislation be accompanied by a description of the methodology used and assumptions made in providing the estimate. Requires that the estimate and description be open to public disclosure. Effective 7/1/2050. (SD1)

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