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HI HB2478

Bill

Status

Introduced

1/26/2022

Primary Sponsor

John Mizuno

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Establishes an income tax credit equal to 25% of qualified costs for employers who create on-site early childhood facilities, with unspecified annual and per-taxpayer caps
  • Requires employers to submit sworn statements to the Department of Human Services within 90 days of each tax year, and grants DHS authority to verify costs and certify facilities
  • Defines qualified facilities as on-site early childhood programs licensed by DHS and accredited by a recognized national early childhood agency within two years of operation
  • Requires credit recapture if the facility fails to operate for a minimum of 10 years, unless DHS certifies reasonable cause such as business closure or natural disaster
  • Establishes one full-time coordinator position in the Executive Office on Early Learning and appropriates funds for fiscal year 2022-2023 to assist with licensure, accreditation, and facility design (dollar amount not specified in bill)

Legislative Description

Relating To On-site Early Childhood Facilities.

Appropriation ($)

Last Action

Referred to HHH, ECD, FIN, referral sheet 3

1/28/2022

Committee Referrals

Health, Human Services, & Homelessness1/28/2022

Full Bill Text

No bill text available