Honolulu Advertiser, May 5, 2007
The public may soon get its first major peek into what has been a costly and controversial state program to encourage investment in technology companies.
October 19, 2007
Washington – Sen. Orrin G. Hatch (R-Utah) and Senate Finance Committee Chairman Max Baucus (D-Mont.) today introduced the Research Credit Improvement Act, a bill to extend and expand the tax credit currently offered to companies to encourage increased spending for research and development.
Commentary, Honolulu Advertiser, Thursday, Oct 26, 2006
The recent "Island Voices" column by Mike Fitzgerald and others representing the high technology investment sector ("Tech credit's value lost in flawed analysis," Oct. 15) misses the point of the draft report completed for the Tax Review Commission in early October.
Honolulu Advertiser, Thursday, Oct 26, 2006
Technology industry advocates yesterday said the state tax credits, known as Act 221/215, are boosting Hawai'i's economy and moving it away from dependency on tourism. But a lack of data is making it hard to prove their case.
Honolulu Advertiser, Tuesday, Oct 24, 2006
Hawai'i's tax credits for technology investment are likely to cost up to $1 billion in foregone revenues, but it's difficult to say if the state is getting that much in return.
Commentary, Honolulu Advertiser, Sunday, Oct 15, 2006
In 2001, the state adopted Act 221 to stimulate capital investments in Hawai'i technology companies, thereby accelerating the growth of our local tech industry. Hawai'i investors, accustomed to investing in real estate, established ventures, or out-of-state, had very little if any interest in making investments in local tech start-ups. Frustrated tech entrepreneurs increasingly left Hawai'i to launch start-ups or were forced to relocate to areas with greater access to capital.
Editorial, Honolulu Star-Bulletin, Monday, Oct 2, 2006
An analysis to be released next week is expected to present information on the benefits Hawaii may have reaped from a generous tax credit offered to high-tech businesses and investors.
Honolulu Advertiser, Tuesday, August 23, 2005
The state handed out more than $108 million in tax breaks in the first three years of a high-technology investment program aimed at diversifying Hawai'i's economy away from tourism and the military.
Honolulu Advertiser, Wednesday, January 12, 2005
A wealth of new information about how Tony Rutledge Sr. operated Unity House Inc. was unsealed in federal court yesterday, including grand jury testimony that the tax-exempt Unity House "sold" Hawai'i tax credits to wealthy local investors and allegations that Rutledge used the organization's money to gain "political influence."