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HI HB233

Bill

Official Source

Status

Engrossed

3/7/2023

Primary Sponsor

Jeanne Kapela

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Establishes a nonrefundable state child tax credit for qualifying individual taxpayers with adjusted gross income of $60,000 or less
  • Credit amounts are specified per dependent child aged five years or less and per child aged six to seventeen years (specific dollar amounts left blank in the bill text)
  • Allows unused credits to carry forward to subsequent taxable years until exhausted; credits claimed against net income tax liability
  • Requires director of taxation to prepare claim forms, alert eligible taxpayers, and submit annual reports on number of credits granted, total amounts, and average values by income range
  • Applies to taxable years beginning after December 31, 2023, with effective date of June 30, 2050

Legislative Description

Relating To A Child Tax Credit.

Taxation

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Ways and Means3/24/2023
Health and Human Services3/10/2023
Finance2/8/2023
Economic Development1/25/2023

Full Bill Text

No bill text available