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HR 177

REQUESTING THAT THE TAX REVIEW COMMISSION CONSIDER CERTAIN GOALS FOR AN EQUITABLE, EFFICIENT, AND ADEQUATE TAX POLICY STRUCTURE IN ITS DELIBERATIONS.

2025 Regular Session Introduced by Kyle Yamashita

HR 177 urges the Tax Review Commission to create a fair, efficient, and adequate tax policy, impacting citizens and businesses through potential reforms.

Reported from FIN (Stand. Com. Rep. No. 1799), recommending adoption.
#requestingthatthetaxreviewcommissionconsidercertaingoalsforanequitable #andadequatetaxpolicystructureinitsdeliberations. #efficient
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Bill Summary · HR 177

Summary of HR 177

Bill Overview

  • Bill Number: HR 177
  • Title: Requesting that the Tax Review Commission Consider Certain Goals for an Equitable, Efficient, and Adequate Tax Policy Structure in Its Deliberations
  • Status: Reported from the Finance Committee (FIN) with a recommendation for adoption
  • Introduced On: January 3, 2025
  • Classification: Resolution
  • Subject: Tax policy structure

Purpose and Intent

The primary intent of HR 177 is to formally request that the Tax Review Commission take into account specific goals aimed at creating a tax policy that is equitable, efficient, and adequate. This resolution emphasizes the importance of a fair tax system that meets the needs of the community while ensuring that tax revenues are sufficient to support public services and infrastructure.

Key Provisions

  • The resolution outlines the necessity for the Tax Review Commission to consider:
    • Equity: Ensuring that the tax burden is distributed fairly among different income groups and demographics.
    • Efficiency: Designing a tax system that minimizes economic distortions and promotes growth.
    • Adequacy: Guaranteeing that tax revenues are sufficient to fund essential government services and programs.

Impact

  • Who is Affected:

    • The Tax Review Commission, which is responsible for evaluating and recommending changes to the tax policy.
    • Citizens and businesses within the jurisdiction, as changes in tax policy can directly impact their financial obligations and benefits.

  • Potential Outcomes:

    • The resolution could lead to a comprehensive review and potential reform of the existing tax structure, aiming for improvements that align with the stated goals of equity, efficiency, and adequacy.

Legislative Timeline

  • January 3, 2025: Introduced in the House and referred to the House Committee on Natural Resources.
  • March 7, 2025: Offered for consideration.
  • March 14, 2025: Referred to the Finance Committee (FIN).
  • March 28, 2025: Scheduled for a hearing by the FIN committee.
  • March 31, 2025: FIN committee recommended that the measure be passed without amendments.
  • April 3, 2025: Resolution adopted in final form with a vote of none in favor with reservations, one representative voting against, and two excused from voting.

Related Legislation

  • HCR 182: A companion bill that may address similar issues or goals related to tax policy.

This resolution represents a significant step towards evaluating and potentially reforming the tax policy framework to better serve the community's needs.

Compiled from official sources — confirm details with the bill’s official record.

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