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Lawmakers target REITs for added tax revenue

  • CINDY ELLEN RUSSELL / 2015

    Real estate investment trusts own many prime pieces of commercial property in Hawaii, including Wet’n’Wild Hawaii in Kapolei. State lawmakers are considering taxing these companies in a way 48 other states don’t.

Wringing some new tax revenue from about 40 mostly mainland companies that own prime retail, hotel, office and other commercial properties in Hawaii has been put forth at the state Legislature in a move that also could affect the pocketbooks of small local investors with mutual funds. Read more

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