Bill > HB2464

This bill establishes a new family caregiver tax credit for individuals who provide unpaid care to a qualifying care recipient, defined as someone who is a U.S. citizen or qualified alien, does not live in a long-term care facility, and has significant impairments in daily living activities or cognitive function. To be an eligible taxpayer, the individual must be a relative of the care recipient and have a federal adjusted gross income of $75,000 or less (or $125,000 if filing jointly), and must have personally incurred uncompensated expenses directly related to the care. The tax credit is for qualified expenses, such as home modifications, medical equipment, respite care, and transportation, up to a maximum of $5,000 per taxable year, and only one taxpayer per household can claim it. A portion of the credit, up to $1,000, can be refunded if it exceeds the taxpayer's tax liability, with any remaining credit able to be carried forward for up to five years. The Department of Taxation is required to submit annual reports to the legislature on the credit's usage and cost, and funds are appropriated to the Executive Office on Aging for implementation and claim certification. This new tax credit will apply to taxable years beginning after December 31, 2027, with the overall act taking effect on December 31, 2026.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2464&year=2026