HI HB889

Establishes a refundable tax credit for Hawaii residents equal to the full amount of transient accommodations tax paid for in-state lodging during the taxable year.

Allows individual income tax filers to claim the credit against their income tax liability, with excess credits refunded to the taxpayer.

Requires credits of less than $1 to be retained and not refunded.

Directs the director of taxation to prepare necessary forms, require proof of claims, and adopt rules under chapter 91.

Applies to taxable years beginning after December 31, 2024, with claims required to be filed within twelve months following the applicable taxable year.