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HomeMy WebLinkAboutCOM 0751.111 2014-2016 Murashige, Laura From: Eoff, Karen Sent: Monday, May 02, 2016 2:07 PM To: Jennifer Davis (--, Cc: Council Testimony Subject: RE: Please Vote No to Bill 165 Thank you for your testimony. I will forward it to the Clerk's Office to distribute prior to Tuesday's meeting. - N N.) w:- Karen Eoff Hawai'i County Council District 8, North Kona 808-323-4280 work 808-938-3580 cell Original Message From: HAR Government Affairs Action Center[mailto:har@hawaiirealtors.com] Sent: Monday, May 02, 2016 12:46 PM To: Eoff, Karen Subject: Please Vote No to Bill 165 May 2, 2016 Chair and Presiding Officer Karen Eoff 25 Aupuni Street Hilo, HI 96720 Aloha Chair and Presiding Officer Eoff, I write to express my opposition to Bill 165 which would add a County of Hawaii surcharge of one-half percent on top of the current 4.0 General Excise Tax. While I recognize and appreciate the need to raise additional revenues for the County of Hawaii, I strongly believe the proposal is extreme and would have an adverse and negative impact on Hawaii's hard working families, homess, rentals, and our communities. The General Excise Tax is not like a sales tax.A sales tax only covers the final retail sale of goods-- it DOES NOT apply at the wholesale level, nor does it apply to services, rent, interest, commissions or other forms of income. General Excise Tax is applied to every economic activity imaginable. It DOES apply at the wholesale level,to services, rent, interest, commissions, and other forms of income. 1511 "1 Comm. No. Ref. To: V\f4- 1 fC1 Ref. Date IAAY 0 3 201ir7 A business that is making little or no profit pays little or no income tax. In contrast,the General Excise Tax is imposed on every dollar that the business takes in, even if there is no net profit after expenses are paid. Let's not forget Hawaii's General Excise Tax is regressive. Lower-income families pay a larger percentage of their total income in General Excise Tax than other families that may be proportionately less. I urge the County Council to reconsider and VOTE NO on BILL 165 this Tuesday. Thank you for the opportunity to express my thoughts on this important matter in advance of Tuesday's vote. Mahalo, Ms.Jennifer Davis 76-924 Hualalai Rd Kailua Kona, HI 96740-9702 (808) 339-4633 jdavis@clarkhawaii.com 2