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HI SB3102

Relating To Helping Working Families.


summary

Introduced
01/23/2020
In Committee
01/29/2020
Crossed Over
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, rather than 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.

AI Summary

This bill makes the state earned income tax credit refundable and permanent, increases and amends the refundable food/excise tax credit by basing the amount on a taxpayer's Hawaii earned income rather than federal adjusted gross income, and increases the minimum wage rate in increments from $11.00 per hour beginning on January 1, 2021 to $13.00 per hour beginning on January 1, 2024. The key provisions are aimed at helping working families in Hawaii.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (22)

Last Action

Re-Referred to LCA, WAM. (on 01/29/2020)

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