HI HB192

Adds a new income tax credit to Hawaii law for taxpayers who hire elderly individuals (age 67 or older)

Credit equals 50 percent of qualified wages paid during the first six months after an elderly individual is initially hired, with an unspecified annual cap per taxpayer

Wages are ineligible for the credit if paid to relatives as defined by federal tax code, if the elderly individual owns more than 50 percent of a corporation, or if the individual was previously employed by the same employer

Credit is nonrefundable but may be carried forward to subsequent tax years until exhausted

Applies to taxable years beginning after December 31, 2018