Zero In On Details To Figure Out True Story Behind Bills04/29/2012
Many readers will probably have to remember the Greek myth about the Trojan Horse bearing gifts or perhaps the saying of “never look a gift horse in the mouth” to understand the sleight of hand that can be found among the legislative proposals in this year’s session.
For example, one measure that was sent to conference committee for debate between senators and representatives would extend a hotel construction and remodeling tax credit for the cost of renovating those structures between January 2013 and the end of December 2018. That part of the proposal probably was hailed in the hotel community as hotel owners and operators would benefit from another round of tax incentives to help renovate aging properties. It would be “another” round of incentives for hotel renovations, the first of which was granted at the turn of the 21st Century as Hawaii struggled to emerge from another lengthy economic malaise.