HI HB932

Amends Hawaii's refundable food/excise tax credit by increasing credit amounts and adjusting income brackets in three phases beginning after December 31, 2017, 2019, and 2021.

For taxable years beginning after December 31, 2017, increases credit per exemption from $110 to $115 for single filers under $5,800 AGI, and adjusts all subsequent income bracket thresholds and credit amounts upward.

For taxable years beginning after December 31, 2019, provides additional increases with single filers under $6,000 AGI receiving $120 credit per exemption, and heads of household/married filers receiving up to $120 per exemption in lower income brackets.

For taxable years beginning after December 31, 2021, further increases credits to $125 per exemption for single filers and heads of household/married filers under $6,300 AGI, with continued adjustments across all income brackets.

Repeals the sunset date provision in Act 223, Session Laws of Hawaii 2015, allowing the food/excise tax credit to remain permanent rather than expiring on December 31, 2017.