HI SCR149

Encourages the legislature to re-evaluate the maximum claimable amount of the low-income household renters tax credit per taxpayer to address the shortage of affordable rental units for low-income households.

Notes that the low-income household renters tax credit amount has not been changed since 1981 and the adjusted gross income ceiling has not been adjusted since 1989.

Identifies that under current law, taxpayers with adjusted gross income less than $30,000 are considered low-income for purposes of the credit, while HUD considers single persons making $65,350 and families of four making $93,300 as low-income in Honolulu as of 2018.

Directs certified copies of the concurrent resolution be transmitted to the President of the Senate and Speaker of the House of Representatives.