BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111286093//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261111T175955Z DTSTART:20261118T140000 DTEND:20261119T000000 SUMMARY:Seventeenth Meeting of the 2025-2027 Tax Review Commission UID:20261111T175956Z-uidGen@fe80:0:0:0:410:d2ff:fefd:e5dd%ens5 TZID:HST LOCATION:Virtual DESCRIPTION:

NOTICE AND AGE NDA
SEVENTEENTH MEETING OF THE 2025-2027 TAX REVIEW COMMISSION

WEDN ESDAY\, NOVEMBER 18\, 2026
2:00-4:00 P.M.

M eeting Locations:

This meeting will be held remotely via Zoom.

Link to View a nd Testify Remotely:

The public can watch the meeting i n real time and provide testimony via the
following interactive con ference technology link:
ht tps://www.zoomgov.com/j/1657188627

Using Zoom App with the following info rmation\n
- Zoom Webinar ID: 165 718 8627
\n

By telephone w ith the following information:\n
- Webinar ID: 165 718 8627
- +1 669 254 5252 US (San Jose)
- +1 669 216 1590 US (San Jos e)
- +1 415 449 4000 US (US Spanish Line)
- +1 646 964 1 167 US (US Spanish Line)
- +1 551 285 1373 US (New Jersey)
- +1 646 828 7666 US (New York)
\n

Courtesy Physical L ocation:

The Department of Taxation will provide a cour tesy physical terminal to access the
virtual meeting at Tax Direct or&rsquo\;s Conference Room\, Princess Ruth Ke&lsquo\;elikōlani
Bu ilding\, 830 Punchbowl Street\, Second Floor\, Room 223\, Honolulu\, HI 96813.
Please contact tax.research@hawaii.gov or 587-1440 for further details.

AGENDA

Call to Order\, Public Notice\, Quor um.\n

Communication t o the Commission and Public Comments:\n

Public comments on is sues not on the agenda will be considered on the
Commission's agen da at the next meeting.

Discussion and Vote on the Minutes for the Tax Review Commission (TRC)
Meeting on November 9\, 2026.

Continued discussion on the "Worldwide Combined Report ing (WCR) and
Net Controlled Foreign Corporation Tested Income (NC TI)" and "Combined
Voluntary Disclosure Agreement (VDA) and Admini strative
Recommendation" topics introduced at the 11/09/26 TRC mee ting.

Follow-up on the "Single Sales Factor" and "Adding a Controlling Interest
Provi sion in the Conveyance Tax" topics introduced at the 10/28/26 TRC
meeting.

TRC identi fication and discussion of the foundations for the competitiveness
topic.

Identificat ion of other topics for TRC member presentations at future
meeting s.

Continued TRC Di scussion of the University of Hawai&lsquo\;i Economic Research
Org anization (UHERO) Draft Report and Development of Feedback to
UHER O.\n

TRC will continue to discuss the UHERO Draft Report that has been posted on the
TRC webpage previously and continue to dev elop feedback to UHERO.

Scheduling and agenda of next meeting(s).

Adjournment

HOW TO TESTIFY:
Written testimony can be emailed to t he Commission at tax.research@h awaii.gov or
mailed to Hawai&lsquo\;i Department of Taxation\, Office of Tax Research &\; Planning\, 830
Punchbowl Street\, Roo m 220\, Honolulu\, HI 96813.

Oral testimony will be accepted via the chat function or verbally using the interactive
conference technology (ICT) lin k provided on page 1. Oral testimony can also be made
in person us ing the courtesy terminal at the physical location\, as listed on page 1 of the attached PDF. Please
note that the meeting will continue w ithout the courtesy terminal\, if the ICT connection of
the termin al at this physical location is lost.

HOW TO REQUEST ACC OMMODATION:
Persons wh o need an auxiliary aid/service or other accommodation due to a disabili ty\,
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 business da ys before the meeting.
Requests made as early as possible will allo w adequate time to fulfill your request.

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

MEETING MATERIALS AND OTHER INFORMATION:
The commission packet\ , if applicable\, will be posted on the Commission&rsquo\;s website athttps: //tax.hawaii.gov/stats/tax-review-commission/ at least three full bu siness days
before the meeting. Written testimony will also be post ed on the Commission&rsquo\;s website
as it is received. You can al so find links to minutes\, agendas\, video recordings (on
YouTube)\ , and meeting materials for the Commission&rsquo\;s past meetings on the website.

X-ALT-DESC;FMTTYPE=text/html:
\n
NOTICE AND AGENDA
SEV ENTEENTH MEETING
OF THE 2025-2027 TAX REVIEW COMMISSION
\n
WEDNESDAY\, NOVEMBER 18\, 2026
2:00-4:00 P.M.
\n\n
Meeting Locations:
\n
This meeting will be held remotely via Z oom.
\n
Link to View and Testify Remotely:
\n
\n
The public can wa tch the meeting in real time and provide testimony via the
followin g interactive conference technology link:
https://www.zoomgov.com/j/1657188627
\n
\nOR
\n
\n
Using Zoom App with t he following information\n
\n
Zoom Webinar ID: 165 718 8627
\n
\n
\n
\n
OR
\n
\n< li>By telephone with the following information:\n
\n
Webinar ID: 1 65 718 8627
\n
+1 669 254 5252 US (San Jose)
\n
+1 669 216 1590 US (San Jose)
\n
+1 415 449 4000 US (US Spanish Line)
\ n
+1 646 964 1167 US (US Spanish Line)
\n
+1 551 285 1373 US ( New Jersey)
\n
+1 646 828 7666 US (New York)
\n
\n\n
\n
Co urtesy Physical Location:
\n
\n
The Department of Taxation wi ll provide a courtesy physical terminal to access the
virtual meet ing at Tax Director&rsquo\;s Conference Room\, Princess Ruth Ke&lsquo\;e likōlani
Building\, 830 Punchbowl Street\, Second Floor\, Room 223 \, Honolulu\, HI 96813.
\n
Please contact tax.research@hawaii.gov or 587-1440 for further de tails.
\n
\n
AGENDA
\n

\n
Call to Order\, Pub lic Notice\, Quorum.
\n
Communication to the Commission and Public Comments:\n
Publ ic comments on issues not on the agenda will be considered on the
Commission's agenda at the next meeting.
\n
\n
Discussion and Vote on the Minutes for the Tax Review Commission (TRC)
Meeting on November 9\, 2026.
\n
Continued discussion on the "Worldwid e Combined Reporting (WCR) and
Net Controlled Foreign Corporation Tested Income (NCTI)" and "Combined
Voluntary Disclosure Agreement (VDA) and Administrative
Recommendation" topics introduced at the 11/09/26 TRC meeting.
\n
Follow-up on the "Single Sales Factor" and "Adding a Controlling Int erest
Provision in the Conveyance Tax" topics introduced at the 10 /28/26 TRC
meeting.
\n
TRC identification and discussion of the foundations for the comp etitiveness
topic.
\n
Identification of other topics for TRC member presentations at fut ure
meetings.
\n
Continued TRC Discussion of the University of Hawai&lsquo\;i Economic R esearch
Organization (UHERO) Draft Report and Development of Feedb ack to
UHERO.\n
TRC will continue to discuss the UHERO Draft Report that has been posted on the
TRC webpage previously an d continue to develop feedback to UHERO.
\n
\n
Scheduling and agenda of next meeting(s).\n
Adjournment
\n\n
HOW TO TESTIFY:
 Written testimony ca n be emailed to the Commission at tax.research@hawaii.gov or
mailed to Hawai&lsquo\;i Departme nt of Taxation\, Office of Tax Research &\; Planning\, 830
Punch bowl Street\, Room 220\, Honolulu\, HI 96813.
\n
Oral testimony will be accepted via the chat function or verbally using the interactive
conference tec hnology (ICT) link provided on page 1. Oral testimony can also be made in person using the courtesy terminal at the physical location\, as listed on page 1 of the attached PDF. Please
note that the meetin g will continue without the courtesy terminal\, if the ICT connection of
the terminal at this physical location is lost.
\n
H OW TO REQUEST ACCOMMODATION:
Persons who need an auxiliary aid/service or other accommodation due to a disability\,
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 business days before the meeting.
Requests made as early as p ossible will allow adequate time to fulfill your request.
\nUpon request\, this notice is available i n alternate/accessible formats.
\n
MEETING MATERIALS AND OT HER INFORMATION:
The c ommission packet\, if applicable\, will be posted on the Commission&rsqu o\;s website at
https://tax.hawaii.gov/stats/tax-review-commission/ at le ast three full business days
before the meeting. Written testimony will also be posted on the Commission&rsquo\;s website
as it is rec eived. You can also find links to minutes\, agendas\, video recordings ( on
YouTube)\, and meeting materials for the Commission&rsquo\;s pas t meetings on the website.
END:VEVENT END:VCALENDAR