Loading chat...

HI SB901

Bill

Official Source

Status

Introduced

1/23/2015

Primary Sponsor

Suzanne Chun Oakland

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Increases Hawaii income tax standard deduction from $2,200 to $3,000 for unmarried individuals and married individuals filing separately
  • Maintains existing standard deduction amounts of $4,400 for joint filers and surviving spouses, and $3,212 for heads of household
  • Keeps limitation on standard deduction for dependents at the greater of $500 or earned income
  • Applies to taxable years beginning after December 31, 2015
  • Does not change federal Internal Revenue Code provisions related to additional standard deductions, property tax deductions, disaster loss deductions, or motor vehicle sales tax deductions

Legislative Description

Income Tax; Standard Deduction

Last Action

The committee on WAM deferred the measure.

2/13/2015

Committee Referrals

Ways and Means1/28/2015

Full Bill Text

No bill text available