Small State, Giant Tax Credits: Hawaii’s Leap into High Technology Development

Andrew Norio Kato, Sumner Jonathan La Croix () and James Mak ()
Additional contact information
James Mak: Department of Economics, University of Hawaii at Manoa

No 200914, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: In 2001, the State of Hawaii established a 100 percent tax credit to promote investment in several targeted high technology industries. We chronicle the evolution of Hawaii’s high technology tax credits, describe their provisions, and catalog a host of problems associated with determining whether or not the tax credits have achieved results desired by lawmakers. We conclude that it was a mistake to initiate a generous tax credit program without adequate monitoring by public agencies or disclosure of how public funds are being used by recipients of tax credits.

Keywords: tax credit; Hawaii; Act 221; qualified high technology business (search for similar items in EconPapers)
JEL-codes: H25 H71 O38 (search for similar items in EconPapers)
Date: 2009-10-27

Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/WP_09-14.pdf First version, 2009 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:hai:wpaper:200914

Ordering information: This working paper can be ordered from
http://www.economics ... s/workingpapers.html

Access Statistics for this paper

More papers in Working Papers from University of Hawaii at Manoa, Department of Economics
Contact information at EDIRC.
Series data maintained by Web Technician ().