S.B. 2989 Summary

• Expands the low-income household renters' income tax credit by increasing eligible income thresholds (to $40,000 for single filers, $50,000 for head of household, and $60,000 for joint filers) and raises the maximum credit from $50 to $150 per exemption.

• Implements automatic annual adjustment of income thresholds and credit amounts based on the Honolulu Region Consumer Price Index beginning in taxable year 2020.

• Appropriates unspecified funds to the Department of Human Services for continued administration of the Family Assessment Center for homeless families in Kakaako, Oahu.

• Establishes a Housing Homeless Children Rental Assistance Pilot Program through the Hawaii Public Housing Authority to provide time-limited rental subsidies to homeless families with minor children experiencing homelessness due to domestic violence.

• Requires families receiving rental assistance to participate in financial case management and counseling services certified by the U.S. Department of Housing and Urban Development.