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HI HB469
Bill
Status
1/23/2023
Primary Sponsor
Adrian Tam
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AI Summary
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Establishes a Hawaii State Dividend Special Fund administered by the Office of the Lieutenant Governor to distribute annual dividend payments to eligible Hawaii residents.
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Funds the special fund through 3% of general state revenues and 1% of transient accommodations tax revenues.
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Requires applicants to be at least 18 years old, current Hawaii residents, have resided in Hawaii for the entire preceding year, not be incarcerated, and not have been absent from the state for more than 90 cumulative days during the qualifying year.
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Provides 17 categories of allowable absences (education, military service, medical treatment, family care, federal employment, Peace Corps, Olympic training, and other reasons) that do not disqualify otherwise eligible residents.
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Directs the Lieutenant Governor to determine annual dividend amounts by dividing total available funds by the number of eligible applicants, with applications accepted January 1-March 31 each year.
Legislative Description
Relating To A Permanent Hawaii State Dividend.
Appropriation ($)
Last Action
Referred to LGO, JHA, FIN, referral sheet 1
1/25/2023