HI HB829

Amends Hawaii's income tax rates for taxable years beginning after December 31, 2018 by adjusting tax brackets and base amounts for joint filers, heads of household, and single filers.

For joint filers and surviving spouses: increases top tax bracket threshold from $96,000 to $300,000 at 8.25%, adds new brackets of 9% (up to $350,000), 10% (up to $400,000), and 11% (over $400,000).

For heads of household: increases top tax bracket threshold from $72,000 to $225,000 at 8.25%, adds new brackets of 9% (up to $262,500), 10% (up to $300,000), and 11% (over $300,000).

For single filers: increases top tax bracket threshold from $48,000 to $150,000 at 8.25%, adds new brackets of 9% (up to $175,000), 10% (up to $200,000), and 11% (over $200,000).

Adjusts intermediate bracket base tax amounts across all filing categories to prevent increased tax burden from minimum wage increases; applies to taxable years beginning after December 31, 2018.