Hawaii Film Blog

Thursday, October 26, 2006

Act 221: Stop the Madness!

More hullabaloo about Act 221 has sprung up this week around the follow-up public forum to futher discuss the good and the bad of Hawaii's controversial high-tech investment tax credit.

Here are the pros and cons (again) in a nutshell, as reported by Sean Hao at the Hnl Advertiser. We should run a contest to see who can come up with the snazziest new pro- and anti- Act 221 comments, because we've heard it all before!

CON: "Lowell Kalapa, president of the nonprofit Tax Foundation of Hawai'i, said, 'I don't see an explosion of the high-technology industry in the state...They're feeding at the public trough. We need to make sure the pigs are getting fatter. If they're not getting fatter then why are we feeding them?"

PRO: "Rob Robinson, who runs an investment group whose members have benefitted from the credits, said, 'I think it's clear that the critics are wrong. What we don't have is data yet to show that I am right."

Will somebody/anybody come up with some reliable Act 221 data, puh-leeze?

>> Technology tax credits could cost $1 billion [Hnl Advertiser, 10/24/06]
>> Tech industry execs defend tax break [Hnl Advertiser, 10/26/06]

Tech Community: Act 221 Research Stinks!
New Data on Effectiveness of Act 221
>> Tax Dept. Clarifies Act 221 Standards
>> Press Massacres Hawaii's Film Tax Credits Again
>> Tax Incentives Suck...Who Said That?
>> Tech Comm'ty: Don't Denigrate Act 221
>> Act 221 = $108M So Far

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