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Bill > HB2541


HI HB2541

Relating To Helping Working Families.


summary

Introduced
01/23/2020
In Committee
05/12/2020
Crossed Over
03/03/2020
Passed
Dead
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)

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