HI HB1808

Increases the adjusted gross income threshold for low-income renter tax credits from $30,000 to $59,700 for taxable years beginning after December 31, 2014.

Raises the base tax credit amount from $50 to $146 per qualified exemption, with taxpayers age 65 and over eligible for double the credit.

Adds automatic inflation adjustments to dollar amounts in the credit provision, indexed annually to the Consumer Price Index for All Urban Consumers, with 2015 as the baseline year.

Defines "Consumer Price Index" as the Consumer Price Index for All Urban Consumers published by the United States Department of Labor.

Effective date is July 1, 2050 for taxable years beginning after that date.