HI SB2835

Amends Hawaii's low-income household renters tax credit by doubling the credit amount from $50 to $100 per qualified exemption for taxpayers with adjusted gross income under $30,000 who paid more than $1,000 in rent during the taxable year, effective for tax years beginning after December 31, 2014.

Maintains the existing double credit for taxpayers age 65 and over, in addition to the new doubled credit for lower-income renters.

Allows resident individuals with no income or no income taxable under Hawaii law to claim the rental credit, preserving existing eligibility provisions.

Effective date of July 1, 2050 (unusually distant future effective date).