Bill > SB2683

This bill aims to increase the financial relief available to working families through the household and dependent care services tax credit, which helps offset costs like childcare. It achieves this by increasing the percentage of employment-related expenses that taxpayers can claim for this credit, particularly for those with higher incomes, and by extending a temporary increase in the maximum amount of these expenses that can be considered. Specifically, the bill revises the "applicable percentage" calculation to be a flat fifty percent reduced by one percentage point for every $3,000 of adjusted gross income above a certain threshold, ensuring the percentage doesn't drop below twenty-five percent, and sets a higher initial threshold for this adjustment. Additionally, it extends the sunset date for these enhanced provisions to June 30, 2030, meaning these changes will remain in effect until that date before reverting to previous law. The bill also introduces a "cost-of-living adjustment factor" to help maintain the value of the threshold amount over time by accounting for inflation.

Health and Social Services

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2683&year=2026