summary
Introduced
01/23/2020
01/23/2020
In Committee
05/12/2020
05/12/2020
Crossed Over
03/03/2020
03/03/2020
Passed
Dead
07/10/2020
07/10/2020
Introduced Session
2020 Regular Session
Bill Summary
Makes the state earned income tax credit refundable and permanent. Increases and amends the refundable food/excise tax credit by basing the amount of the credit on a taxpayer's Hawaii earned income and federal adjusted gross income. Increases minimum wage rate to $11.00 per hour beginning on 1/1/2021, $12.00 per hour beginning on 1/1/2022, $12.50 per hour beginning on 1/1/2023, and $13.00 per hour beginning on 1/1/2024. (HD1)
AI Summary
This bill makes the state earned income tax credit refundable and permanent, increases and amends the refundable food/excise tax credit based on a taxpayer's Hawaii earned income and federal adjusted gross income, and gradually increases the minimum wage rate in Hawaii from $11 per hour beginning on January 1, 2021 to $13 per hour beginning on January 1, 2024. The bill also introduces a new tax credit for qualified small businesses to offset the increase in minimum hourly rate that an employer must pay an employee, up to a maximum of $50,000 per taxable year.
Committee Categories
Budget and Finance, Business and Industry, Labor and Employment
Sponsors (44)
Henry Aquino (D)*,
Della Belatti (D)*,
Thomas Brower (D)*,
Romeo Cachola (D)*,
Richard Creagan (D)*,
Ty Cullen (D)*,
Lynn DeCoite (D)*,
Stacelynn Eli (D)*,
Cedric Gates (D)*,
Sharon Har (D)*,
Troy Hashimoto (D)*,
Daniel Holt (D)*,
Linda Ichiyama (D)*,
Aaron Johanson (D)*,
Lisa Kitagawa (D)*,
Bert Kobayashi (D)*,
Dale Kobayashi (D)*,
Sam Kong (D)*,
Chris Lee (D)*,
Nicole Lowen (D)*,
Sylvia Luke (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)*,
Amy Perruso (D)*,
Sean Quinlan (D)*,
Scott Saiki (D)*,
Joy San Buenaventura (D)*,
Calvin Say (D)*,
Gregg Takayama (D)*,
Roy Takumi (D)*,
David Tarnas (D)*,
Chris Todd (D)*,
James Tokioka (D)*,
Christine Wildberger (D)*,
Justin Woodson (D)*,
Ryan Yamane (D)*,
Kyle Yamashita (D)*,
Last Action
Report adopted; Passed Second Reading and referred to WAM. (on 05/12/2020)
Official Document
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bill summary
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bill summary
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