HI HB2239

Creates an emergency supplies income tax credit for taxpayers who purchase and maintain a seven-day supply of nonperishable food, water, and emergency supplies for household use.

Credit equals a percentage of qualified expenses up to a maximum of $1,000 per taxpayer, claimable only once before January 1, 2026.

Allows unused credit amounts exceeding tax liability to carry forward to subsequent taxable years until exhausted.

Director of taxation may require documentation to validate claims and adopt necessary administrative rules.

Takes effect July 1, 2050 and applies to taxable years beginning after December 31, 2018.