HI HB430

Amends Act 97 (Session Laws of Hawaii 2011) to exempt charitable contributions from itemized deduction caps under Hawaii income tax law.

Establishes itemized deduction caps based on filing status and federal adjusted gross income: $25,000 for single filers or married filing separately earning $100,000+; $37,500 for head of household earning $150,000+; $50,000 for joint filers or surviving spouses earning $200,000+.

Charitable contributions remain fully deductible and are not subject to the itemized deduction limitations outlined above.

Takes effect July 1, 2030, and applies to taxable years beginning after December 31, 2012.