HI HB207

Amends the low-income household renters' income tax credit under Hawaii Revised Statutes Section 235-55.7 to expand eligibility beyond the previous $30,000 adjusted gross income limit.

Replaces the flat $50 credit per exemption with a tiered credit structure based on adjusted gross income and filing status, with different thresholds for single filers, head of household filers, and joint filers.

Maintains the requirement that taxpayers must have paid more than $1,000 in rent during the taxable year and allows seniors aged 65 and over to claim double the tax credit.

Expands eligibility to include residents with no income or no income taxable under Hawaii law, in addition to current qualifying taxpayers.

Effective July 1, 2030, and applies to taxable years beginning after December 31, 2017.