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HI HB246

Bill

Official Source

Status

Introduced

1/23/2015

Primary Sponsor

Isaac Choy

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Increases the rental housing tax credit from $50 to $150 per qualified exemption for taxpayers with adjusted gross income under $30,000 who paid more than $1,000 in rent annually
  • Allows taxpayers age 65 and over to claim double the rental housing tax credit amount
  • Increases refundable food/excise tax credit amounts across all income brackets, ranging from $85 to $170 per exemption depending on adjusted gross income level
  • Applies to taxable years beginning after December 31, 2015

Legislative Description

Income Tax Credit for Low-Income Household Renters; Refundable Food/Excise Tax Credit

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on HSG with none voting aye with reservations; none voting no (0) and Representative(s) Har, Matsumoto excused (2).

2/9/2015

Committee Referrals

Housing2/9/2015
Human Services1/26/2015

Full Bill Text

No bill text available