HB 644 Summary

• Establishes an income tax credit for transportation network companies and taxicab operators that establish and operate child passenger restraint system (car seat) programs in Hawaii.

• Qualified expenses for the credit include direct costs to establish and operate programs allowing passengers to request vehicles equipped with federally compliant child passenger restraint systems.

• Allows excess tax credits to carry forward to subsequent taxable years until exhausted, with claims required to be filed within 12 months of the taxable year end.

• Amends the existing child passenger restraint system tax credit under Section 235-15 by increasing the credit amount per new restraint system purchased (specific dollar amount left blank in bill text) and clarifying language regarding federal safety standard compliance.

• Applies to taxable years beginning after December 31, 2018.