HI SB2300

Increases the adjusted gross income threshold for claiming the low-income household renters credit from $30,000 to $60,000.

Increases the tax credit amount from $50 to $150 per qualified exemption claimed.

Taxpayers aged 65 and over continue to be eligible to claim double the tax credit amount.

Applies to taxable years beginning after December 31, 2015.

Maintains the requirement that taxpayers must have paid more than $1,000 in rent during the taxable year to claim the credit.