FDA Ban on Flavored Cigars Could Cost $836 Million in Annual Excise Tax Revenue
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min readHow does Hawaii’s tax code compare? Hawaii has a graduated state individual income tax, with rates ranging from 1.40 percent to 11.00 percent. Hawaii has a graduated corporate income tax, with rates ranging from 4.4 percent to 6.4 percent. Hawaii also has a 4.00 percent state sales tax rate and an average combined state and local sales tax rate of 4.50 percent. Hawaii has a 0.26 percent effective property tax rate on owner-occupied housing value.
Hawaii has an estate tax. Hawaii has an 18.5 cents per gallon gas tax rate and a $3.20 cigarette excise tax rate. The State of Hawaii collects $7,778 in state and local tax collections per capita. Hawaii has $13,654 in state and local debt per capita and has a 65 percent funded ratio of public pension plans. Overall, Hawaii’s tax system ranks 42nd on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Hawaii is no exception. The first step towards understanding Hawaii’s tax code is knowing the basics. How does Hawaii collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min readWhile many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts.
12 min readAmong the 46 states that held legislative sessions this year, structural state tax reform and temporary tax relief measures were recurring themes.
13 min readIf the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.
4 min readThe Kansas experience is so infamous that “what about Kansas?” is almost guaranteed to be a question—sometimes as a retort, but often a genuine expression of concern—any time any state explores tax relief. But what about the other two dozen states that have cut their income taxes since then?
6 min readWhich states have the highest property taxes in 2022? See how your state compares in property taxes across the United States
3 min readThe sales tax is too important a part of states’ revenue toolkits to be permitted further erosion, making sales tax modernization a vital project of the 2020s.
17 min readRanking unemployment insurance tax codes on the 2022 State Business Tax Climate Index. Learn more about state unemployment insurance tax code and systems.
4 min readExempting groceries from the sales tax base reduces economic efficiency without achieving its objective of enhancing tax progressivity.
19 min readTax burdens rose across the country as pandemic-era economic changes caused taxable income, activities, and property values to rise faster than net national product. Tax burdens in 2020, 2021, and 2022 are all higher than in any other year since 1978.
24 min read