HI SB76

Establishes a non-refundable income tax credit for taxpayers who purchase a personal emergency response system, limited to taxpayers with federal adjusted gross income not exceeding $45,000 (single), $67,500 (head of household), or $90,000 (married filing jointly).

Department of Health maintains records, verifies costs, and certifies the total amount of tax credits claimed; taxpayer must file the certificate with their tax return to the Department of Taxation.

Credit amount and annual aggregate cap amount are left blank in the bill text and would need to be specified.

Excess credits over the taxpayer's annual income tax liability may be carried forward to subsequent years until exhausted; all claims must be filed within 12 months following the close of the taxable year.

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