HI HB1193

Amends Hawaii's income tax credit for employment-related dependent care expenses by modifying the applicable percentage rates and dollar caps, with specific percentages and amounts left blank for legislative determination.

Reduces the dollar limit cap on creditable employment-related expenses from $2,400 to an unspecified amount for one qualifying individual and from $4,800 to an unspecified amount for two or more qualifying individuals.

Maintains existing provisions allowing the credit to be refunded if it exceeds income tax liability owed, with a $1 minimum threshold for refunds.

Allows eligible resident taxpayers who maintain a household with qualifying individuals to claim a credit against Hawaii state income tax for dependent care expenses paid during the taxable year.

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