BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111285793//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261026T164354Z DTSTART:20260929T140000 DTEND:20260930T000000 SUMMARY:Twelfth Meeting of the 2025-2027 Tax Review Commission UID:20261026T164355Z-uidGen@fe80:0:0:0:410:d2ff:fefd:e5dd%ens5 TZID:HST LOCATION:Virtual DESCRIPTION:
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NOTICE AND AGE NDA
TWELFTH MEETING
OF THE 2025-2027 TAX REVIEW COMMISSION

\n

TUESDAY\ , SEPTEMBER 29\, 2026
2:00-4:00 P.M.

\n
\n

Meetin g Locations:

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This meeting will be held remotely via Zoom.
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Link to View and Te stify Remotely:
\n\n
OR
\n\n< div style="text-align: center\;">OR\n\n
Courtesy Physical Locati on:
\n\n

AGENDA

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    \n
  1. Call to Order\, Public Notice\, Quorum.
    2. \n
  2. Communication to the Commission and Public Comments:
    \n

    Public comments on i ssues not on the agenda will be considered on the
    Commission&rsquo \;s agenda at the next meeting.

    \n
    3. \n
  3. Discussion and Vote on the Minutes for the Tax Review Commissi on (TRC)
    Meeting on September 18\, 2026.
    4. \n
  4. Discussion of Follow-Up Contact with Senate Ways and Means and House
    Finance Committees.
    5. \n
  5. Presentation by Dr. Dylan Moore Regardin g the University of Hawai&lsquo\;i
    Economic Research Organization (UHERO) TRC Project Interim Findings\;
    TRC Questions and Discussio n.    \n

    Dr. Dylan Moore will make a brief presentation regarding the UHERO TRC project
    interim findings. TRC will have an opportun ity for questions and discussion.

    \n
    6. \n
  6. TRC Continued Discussion on Topics of Interest:\n\n
  7. Taxation of retirement income topic.
    8. \n
  8. Single sales factor (SSF) apportionment for c orporate income
    taxation.
    9. \n
  9. 1031 clawback.
    10. \n
  10. Conveyance tax controlling interest provision.
    11. \n< li style="margin-top: 1em\;">Estate tax.\n
  11. Voluntary disclosure program.
    12. \n
  12. Transient accommodations tax.
    13. \n
\n\n
  • Schedu ling and Agenda for the Next Meetings:\n
      \n
    1. Scheduling f or future meetings.
      2. \n
    2. Discussion on in-person meetings.
      3. \n
    \n
    • \n
  • Adjournment
    • \n\n

    HOW TO TESTIFY:
    Written testimony can be emailed to the Commission at tax.resea rch@hawaii.gov or
    mailed to Hawai&lsquo\;i Department of Taxati on\, Office of Tax Research &\; Planning\, 830
    Punchbowl Street\ , Room 220\, Honolulu\, HI 96813.

    \n

    Oral testimony will be accepted via the chat fun ction or verbally using the interactive
    conference technology (ICT ) link provided on page 1. Oral testimony can also be made
    in pers on using the courtesy terminal at the physical location\, as listed on p age 1 of the attached PDF. Please
    note that the meeting will conti nue without the courtesy terminal\, if the ICT connection of
    the t erminal at this physical location is lost.

    \n

    HOW TO REQUES T ACCOMMODATION:
    Perso ns who need an auxiliary aid/service or other accommodation due to a dis ability\,
    please contact Office of Tax Research &\; Planning at tax.research@hawaii.gov or 808-
    587-1440 as soon as possible\, preferably 72 hours or 2 busine ss days before the meeting.
    Requests made as early as possible will allow adequate time to fulfill your request.

    \n

    Upon request\, this notice is available in alternate/ accessible formats.

    \n

    MEETING MATERIALS AND OTHER INFORMAT ION:
    The commission pa cket\, if applicable\, will be posted on the Commission&rsquo\;s website at
    h ttps://tax.hawaii.gov/stats/tax-review-commission/ at least three fu ll business days
    before the meeting. Written testimony will also be posted on the Commission&rsquo\;s website
    as it is received. You c an also find links to minutes\, agendas\, video recordings (on
    YouT ube)\, and meeting materials for the Commission&rsquo\;s past meetings o n the website.

    X-ALT-DESC;FMTTYPE=text/html:
    \n

    NOTICE AND AGENDA
    TWE LFTH MEETING
    OF THE 2025-2027 TAX REVIEW COMMISSION

    \n

    TUESDAY\, SEPTEMBER 29\, 2026
    2:00-4:00 P.M.

    \n
    \n

    Meeting Locations:

    \n
    This meeting will be held remotely via Zoom.< /div>\n
    Li nk to View and Testify Remotely:
    \n\n
    OR
    \n\n
    OR
    \n \n
    Courtes y Physical Location:
    \n\n

    AGENDA\n

      \n
    1. Call to Order\, Public N otice\, Quorum.
      2. \n
    2. Com munication to the Commission and Public Comments:
      \n

      Pub lic comments on issues not on the agenda will be considered on the
      Commission&rsquo\;s agenda at the next meeting.

      \n
      3. \n
    3. Discussion and Vote on the Minutes for the Ta x Review Commission (TRC)
      Meeting on September 18\, 2026.
      4. \n
    4. Discussion of Follow-Up Con tact with Senate Ways and Means and House
      Finance Committees.
      5. \n
    5. Presentation by Dr. Dyl an Moore Regarding the University of Hawai&lsquo\;i
      Economic Resea rch Organization (UHERO) TRC Project Interim Findings\;
      TRC Questi ons and Discussion.      \n

      Dr. Dylan Moore will make a brief prese ntation regarding the UHERO TRC project
      interim findings. TRC will have an opportunity for questions and discussion.

      \n
      6. \n
    6. TRC Continued Discussion on Topics of Inter est:\n
        \n
      1. Taxation of retirement income topic.< /li>\n
      2. Single sales factor (SSF) ap portionment for corporate income
        taxation.
        3. \n
      3. 1031 clawback.
        4. \n
      4. Conveyance tax controlling interest provision.
        5. \n
      5. Estate tax.
        6. \n
      6. Voluntary disclosure prog ram.
        7. \n
      7. Transient acco mmodations tax.
        8. \n
      \n
      7. \n
    7. Scheduling and Agenda for the Next Meetings:\n
        \n
      1. Scheduling for future meetings.
        2. \n
      2. Discussion on in-person meetings.
        3. \n
      \n
      8. \n
    8. Adjournment
      9. \n
    \n

    HOW TO TESTIFY: Written testimony can be emailed to the Commission at tax.research@hawaii.gov or
    mailed to Hawai&lsquo\;i Dep artment of Taxation\, Office of Tax Research &\; Planning\, 830
    Punchbowl Street\, Room 220\, Honolulu\, HI 96813.

    \n

    Oral testimony will be accepted via the chat function or verbally using the interactive
    conferenc e technology (ICT) link provided on page 1. Oral testimony can also be m ade
    in person using the courtesy terminal at the physical location \, as listed on page 1 of the attached PDF. Please
    note that the m eeting will continue without the courtesy terminal\, if the ICT connecti on of
    the terminal at this physical location is lost.

    \n

    HOW TO REQUEST ACCOMMODATION:
    Persons who need an auxiliary aid/service or other accommoda tion due to a disability\,
    please contact Office of Tax Research &a mp\; Planning at tax.research@h awaii.gov or 808-
    587-1440 as soon as possible\, preferably 72 hours or 2 business days before the meeting.
    Requests made as early as possible will allow adequate time to fulfill your request.     \n

    Upon request\, this notice is availa ble in alternate/accessible formats.

    \n

    MEETING MATERIALS A ND OTHER INFORMATION:
    The commission packet\, if applicable\, will be posted on the Commission &rsquo\;s website at
    https://tax.hawaii.gov/stats/tax-review-commission/ at least three full business days
    before the meeting. Written testi mony will also be posted on the Commission&rsquo\;s website
    as it i s received. You can also find links to minutes\, agendas\, video recordi ngs (on
    YouTube)\, and meeting materials for the Commission&rsquo\; s past meetings on the website.

    END:VEVENT END:VCALENDAR