What's Being Discussed
The Hawaii Tax Review Commission (TRC) is holding its fifteenth virtual meeting on Wednesday, October 28, 2026, from 2:00–4:00 p.m. The main topics include:

Single Sales Factor: A presentation by TRC Chair Jonathan White on a method used to calculate how much of a business's income is taxable in Hawaii, based solely on its sales in the state.
Controlling Interest Provision in the Conveyance Tax: A presentation on a potential addition to Hawaii's real estate transfer tax that would apply when someone buys a controlling share of a company that owns property — not just when property changes hands directly.
Hawaii's Tax Competitiveness: The Commission will identify and discuss three key foundations for evaluating how Hawaii's tax system compares to other states.
UHERO Draft Report: Continued review of a draft economic report from the University of Hawaii Economic Research Organization, and the Commission's feedback on it.
Future topics and scheduling: Members will identify additional topics for upcoming presentations and plan future meeting dates.

Decisions Expected

A vote to approve the minutes from the October 8, 2026 meeting.
Agreement on feedback to provide to UHERO on their draft report.

Who Should Pay Attention

Business owners and corporations operating in Hawaii, particularly those affected by how income is taxed across multiple states.
Real estate investors and developers who may be affected by changes to the conveyance tax.
Economists, tax professionals, and policy advocates following Hawaii's tax reform discussions.
Any Hawaii resident interested in how the state's tax system may change in the future.