HI HB1327

Establishes a state income tax credit for qualified educators and school personnel employed by the Department of Education, Hawaii state public library system, or head start programs who work at least 900 hours during a school year.

Allows eligible individuals to claim a tax credit equal to expenses spent on books, supplies (excluding athletic supplies), computer equipment with related software and services, and supplementary classroom materials, up to a maximum annual amount to be specified by the director of taxation.

Permits unused tax credits to carry forward to subsequent taxable years until exhausted, with all claims required to be filed within 12 months following the close of the taxable year or the right to claim the credit is waived.

Prohibits claiming any other tax credit or deduction for the same qualified expenses used to claim this credit in the same taxable year.

Applies to taxable years beginning after December 31, 2022, with an effective date of June 30, 3000.