Bill > HB81

This bill establishes a new tax credit program for small businesses in Hawaii that implement telework policies, with the goal of encouraging remote work arrangements that can benefit the state's economy, infrastructure, and environment. Specifically, the bill provides a tax credit for small businesses (defined as businesses with fewer than 100 employees) that allow at least 30% of their workforce to telework at least two-thirds of their work time. The bill defines telework as an alternative work arrangement where employees perform their job duties using telecommunications devices from a location other than their usual workplace, such as their home. While the exact dollar amount of the tax credit is not specified in the provided text (marked with $ placeholders), the credit can be applied against the business's net income tax liability and can be carried forward to subsequent years if it exceeds the current year's tax liability. The tax credit will apply to taxable years beginning after December 31, 2024, and businesses will need to file claims for the credit by the end of the twelfth month following the close of the relevant tax year. The bill aims to support small businesses, improve job satisfaction, reduce traffic congestion, lower carbon emissions, and expand internet access in rural communities.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=81&year=2025