HI SB579

Increases the income tax credit for low-income household renters with adjusted gross income under $30,000 who pay over $1,000 in annual rent, though the specific dollar amount is left blank in the bill text.

Allows taxpayers age 65 and over to claim double the renter tax credit and permits individuals with no taxable income to claim the credit.

Extends the sunset date for the earned income tax credit from December 31, 2022 to December 31, 2029.

Increases the refundable food/excise tax credit amounts for various income brackets, with specific dollar amounts left blank in the bill text.

Takes effect July 1, 2050 and applies to taxable years beginning after December 31, 2019.