summary
Introduced
01/20/2023
01/20/2023
In Committee
03/24/2023
03/24/2023
Crossed Over
03/07/2023
03/07/2023
Passed
Dead
05/03/2024
05/03/2024
Introduced Session
2023 Regular Session
Bill Summary
Establishes a nonrefundable state child tax credit. Effective 6/30/2050. (SD1)
AI Summary
This bill establishes a refundable state child tax credit in Hawaii. The credit is available to qualifying individual taxpayers with an adjusted gross income of $60,000 or less, providing $X per year for each child dependent aged 5 or less and $X for each child dependent aged 6 to 17. The credit is to be distributed equally over 12 months, and any excess credit over the taxpayer's net income tax liability will be refunded, subject to certain conditions. The bill also requires the state's Department of Taxation to administer the tax credit, including preparing necessary forms, verifying claims, and publicly reporting on the program's usage. The credit will be effective for taxable years beginning after December 31, 2023.
Committee Categories
Budget and Finance, Business and Industry, Health and Social Services
Sponsors (15)
Elle Cochran (D)*,
Sonny Ganaden (D)*,
Andrew Garrett (D)*,
Natalia Hussey-Burdick (D)*,
Jeanné Kapela (D)*,
Darius Kila (D)*,
Lisa Marten (D)*,
Mark Nakashima (D)*,
Amy Perruso (D)*,
Mahina Poepoe (D)*,
Sean Quinlan (D)*,
Adrian Tam (D)*,
David Tarnas (D)*,
Chris Todd (D)*,
Gene Ward (R)*,
Last Action
Carried over to 2024 Regular Session. (on 12/11/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
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