Loading chat...

HI HB492

Bill

Official Source

Status

Introduced

1/23/2023

Primary Sponsor

Rachele Fernandez Lamosao

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Increases Hawaii's earned income tax credit from 20 percent to 25 percent of the federal earned income tax credit claimed under Internal Revenue Code Section 32.

  • Applies to qualifying individual taxpayers who claim the refundable state earned income tax credit based on their federal return.

  • Effective for taxable years beginning after December 31, 2022.

Legislative Description

Relating To Taxation.

Taxation

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Economic Development1/25/2023

Full Bill Text

No bill text available