Bill > HB2525

This bill establishes a new refundable income tax credit in Hawaii, specifically for police officers who are employed by a county police department in a county with a population exceeding 500,000 people. A "refundable" tax credit means that if the credit amount is more than the income tax a person owes, they will receive the difference back as a refund, rather than just reducing their tax liability to zero. This credit, which is set at $10,000, is intended to help with the retention and housing of these police officers and will be available for taxable years beginning after December 31, 2025. The Director of Taxation is authorized to create necessary forms, request information to verify claims, and establish rules to implement this credit, with a minimum refund amount of $1 and a deadline for claiming the credit.

Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2525&year=2026