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Bill > HB2510


HI HB2510

HI HB2510
Relating To Income.


summary

Introduced
01/26/2022
In Committee
04/29/2022
Crossed Over
03/08/2022
Passed
05/03/2022
Dead
Signed/Enacted/Adopted
06/23/2022

Introduced Session

2022 Regular Session

Bill Summary

Part II: Makes the state earned income tax credit refundable and permanent. Provides for carryforward of nonrefundable credits previously claimed. Part III: Increases and amends the refundable food/excise tax credit. Part IV: Increases minimum wage rate to $11.00 per hour beginning on 1/1/2023, $12.00 per hour beginning on 1/1/2024, $13.00 per hour beginning on 1/1/2025, $14.00 per hour beginning on 1/1/2026, $15.00 per hour beginning on 1/1/2027, $16.00 per hour beginning on 1/1/2028, $17.00 per hour beginning on 1/1/2029, and $18.00 per hour beginning 1/1/2030. Increases the tip credit over the same period. Part V: Amends the household and dependent care tax credit to apply to expenses paid for the care of a qualifying individual, regardless of age and specify that a qualified individual is, among other things, a recipient or eligible to be a recipient of Social Security disability insurance. Part VI: Appropriates funds for an outreach campaign to educate low-wage earners about their withholding options and to provide support when completing their withholding forms.

AI Summary

This bill makes the state earned income tax credit refundable and permanent, provides for carryforward of nonrefundable credits previously claimed, increases the refundable food/excise tax credit, and incrementally increases the minimum wage and tip credit over time, starting from $12 per hour on October 1, 2022 and reaching $18 per hour by January 1, 2028. The bill also amends the household and dependent care tax credit to apply to expenses paid for the care of a qualifying individual, regardless of age, and appropriates funds for an outreach campaign to educate low-wage earners about their withholding options and provide support when completing their withholding forms.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (40)

Henry Aquino (D)* Della Belatti (D)* Patrick Branco (D)* Linda Clark (D)* Ty Cullen (D)* Stacelynn Eli (D)* Sonny Ganaden (D)* Cedric Gates (D)* Sharon Har (D)* Mark Hashem (D)* Troy Hashimoto (D)* Linda Ichiyama (D)* Greggor Ilagan (D)* Aaron Johanson (D)* Lisa Kitagawa (D)* Bert Kobayashi (D)* Dale Kobayashi (D)* Matthew LoPresti (D)* Nicole Lowen (D)* Sylvia Luke (D)* Lisa Marten (D)* Scot Matayoshi (D)* Angus McKelvey (D)* John Mizuno (D)* Dee Morikawa (D)* Nadine Nakamura (D)* Mark Nakashima (D)* Scott Nishimoto (D)* Takashi Ohno (D)* Richard Onishi (D)* Scott Saiki (D)* Jackson Sayama (D)* Gregg Takayama (D)* Adrian Tam (D)* David Tarnas (D)* Chris Todd (D)* Christine Wildberger (D)* Justin Woodson (D)* Ryan Yamane (D)* Kyle Yamashita (D)*

Last Action

Act 114, on 06/22/2022 (Gov. Msg. No. 1214). (on 06/23/2022)

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