HI HB513

Establishes a telework tax credit for qualified small business employers in Hawaii who allow at least 30% of their workforce to telework.

Credit amount per qualifying employee is to be determined (bill contains blank spaces for dollar amounts), with a maximum cap also to be specified.

Qualifying employees must be allowed to telework at least two-thirds of the time they are expected to work.

Small business is defined as a for-profit entity with fewer than 100 full-time or part-time employees in Hawaii that is domiciled, independently owned, and authorized to do business in the state.

Unused tax credits may be carried forward to subsequent years until exhausted, with all claims required to be filed within 12 months following the close of the applicable taxable year; applies to taxable years beginning after December 31, 2022.