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HI HB123

Bill

Official Source

Status

Introduced

1/20/2017

Primary Sponsor

John Mizuno

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Increases the adjusted gross income threshold for the low-income household renter tax credit from $30,000 to $60,000
  • Raises the base tax credit amount from $50 to $150 multiplied by the number of qualified exemptions
  • Adds automatic annual inflation adjustments to dollar amounts in the credit beginning in 2018, indexed to the consumer price index
  • Adds definition of "consumer price index" as the consumer price index for all urban consumers published by the United States Department of Labor
  • Applies to taxable years beginning after December 31, 2017

Legislative Description

Relating To Income Tax Credits.

Income Tax Credit

Last Action

The committee(s) on HSG recommend(s) that the measure be deferred.

2/16/2017

Committee Referrals

Housing1/23/2017

Full Bill Text

No bill text available