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Hawaii taxes could rise but not on GET

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Hawaii lawmakers say they won’t raise the state’s far-reaching general excise tax, but they may stop tax breaks on condo maintenance fees and other transactions.

House Speaker Calvin Say says a bill to repeal tax exemptions and credits will be debated again after it failed to pass last legislative session.

Hawaii is facing a $410 million budget deficit next year, and rolling back exemptions could generate about $100 million for the state government if it mirrors last year’s initial proposal.

That bill would have killed off 37 tax breaks including for community maintenance fees, airlines and ship repair, replacing them with a 1 percent tax.

Before the measure died last year, it was changed to restore some exemptions and would have raised $25 million.

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