Will Aiona veto HB 444?
Lt. Gov. James “Duke” Aiona’s veto of a bill suspending technology tax credits has some civil unions advocates sweating that he’ll also veto HB 444 while Gov. Linda Lingle is away in China.
Odds are she’ll veto civil unions herself after she returns, but supporters take a small measure of hope from the fact that she’s never publicly spoken against it and doesn’t share Aiona’s strong religious views against gay unions.
Aiona is acting governor while Lingle is out of state and has the legal right to take whatever action he wishes, but Lingle specifically said he wouldn’t act on HB 444 in her absence and presumably there’s an understanding given the close relationship they’ve had.
The veto of SB 2401, the three-year suspenson of technology tax credits, was a good call by the administration and an apt way to help Aiona look gubernatorial as he revs up his campaign to succeed Lingle.
Because of a lack of transparency, there are doubts that the tax credits have produced the number or quality of high-tech jobs promised, and the law creating the credits deserves a thorough review going forward.
But it isn’t kosher to take away tax credits from companies that have already made investments based on the promise that tax credits would be forthcoming. Hawai’i doesn’t need another black eye as a lousy place to do business.
The Legislature could still override Aiona’s veto, but lawmakers should let it be. The $93 million the bill was supposed to save likely would be tied up in litigation, and improving state tax collections seem on track to make up the difference.