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SR145
THE SENATE
S.R. NO.
145
THIRTY-THIRD LEGISLATURE, 2026
STATE OF HAWAII
SENATE RESOLUTION
URGING THE DEPARTMENT OF EDUCATION TO ADD TAX INSTRUCTION
TO ITS FINANCIAL LITERACY GRADUATION REQUIREMENT.
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WHEREAS, as
the old adage by Benjamin Franklin states "in this world nothing is
certain, except death and taxes"; and
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WHEREAS, according
to the Tax Foundation's 2024 National Tax Literacy Poll, the majority of
respondents did not know or were not sure of basic tax concepts related to
income tax filing, with one only two per cent classified as
"proficient" in tax literacy; and
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WHEREAS, more
than half of US states have mandated or are in the process of implementing
financial literacy education requirements in high schools; and
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WHEREAS, starting
with the Class of 2030, all Hawaii public school students will be required to
complete a financial literacy educational opportunity; and
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WHEREAS, schools
may meet this requirement through a variety of instructional approaches,
including a standalone elective course, integration into existing courses,
self-paced learning options, or other instructional designs that align with the
DOE's financial literacy program standards; and
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WHEREAS, the
standards developed by the DOE's Office of Curriculum and Instructional Design
are based on the 2021 National Standards for Personal Finance Education from
the Council for Economic Education and the Jump$tart Coalition for Personal
Financial Literacy; and
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WHEREAS, the
six major topic areas will include earning income, spending, saving, investing,
managing credit, and managing risk; and
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WHEREAS, as
all students will one day be responsible for filing taxes, the only way to
truly give students a holistic understanding of finances would be to include this
subject as a major topic area as well; now, therefore,
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BE IT
RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii,
Regular Session of 2026, that the Hawaii State Department of Education is urged
to include taxes as a major topic area as part of the financial literacy
graduation requirement; and
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BE IT FURTHER
RESOLVED that tax instruction should include, but not be limited to, how to
complete a 1040 form, understanding W-4 forms, payroll deductions, federal
versus state income taxes, sales and property taxes, and tax brackets; and
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BE IT FURTHER
RESOLVED that certified copies of this Resolution be transmitted to the
Superintendent of the Hawaii State Department of Education, members of the
Board of Education, and the DOE Office of Curriculum and Instructional Design.
OFFERED BY:
_____________________________
Report Title:
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DOE
Financial Literacy Requirement; Curriculum; Taxes