HI SB2192

Creates a nonrefundable income tax credit for taxpayers who hire individuals age 60 or older, equal to 50% of qualified wages paid during the first six months of employment.

Credit may be carried forward to subsequent taxable years if it exceeds the taxpayer's current year income tax liability, with an annual per-taxpayer limit amount to be specified.

Excludes wages paid to elderly individuals who are related to the taxpayer (as defined by federal tax code), are dependents, or were previously employed by the taxpayer.

Requires credit claims to be filed within 12 months following the taxable year; late filings constitute a waiver of the credit right.

Applies to taxable years beginning after December 31, 2017, and directs the director of taxation to prepare forms and adopt rules to implement the credit.