IDEAS home Printed from https://ideas.repec.org/p/hai/wpaper/200914.html
   My bibliography  Save this paper

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

Author

Listed:
  • Andrew Kato

    () (University of Hawaii Economic Research Organization, University of Hawaii at Manoa)

  • Sumner La Croix

    () (Department of Economics, University of Hawaii at Manoa
    University of Hawaii Economic Research Organization, University of Hawaii at Manoa)

  • James Mak

    () (Department of Economics, University of Hawaii at Manoa
    University of Hawaii Economic Research Organization, University of Hawaii at Manoa)

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.

Suggested Citation

  • Andrew Kato & Sumner La Croix & James Mak, 2009. "Small State, Giant Tax Credits: Hawaii’s Leap into High Technology Development," Working Papers 200914, University of Hawaii at Manoa, Department of Economics.
  • Handle: RePEc:hai:wpaper:200914
    as

    Download full text from publisher

    File URL: http://www.economics.hawaii.edu/research/workingpapers/WP_09-14.pdf
    File Function: First version, 2009
    Download Restriction: no

    More about this item

    Keywords

    tax credit; Hawaii; Act 221; qualified high technology business;

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hai:wpaper:200914. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Web Technician). General contact details of provider: http://edirc.repec.org/data/deuhius.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.