HI HB182

Increases Hawaii's state earned income tax credit from 40% to 50% of the federal earned income tax credit allowed under Internal Revenue Code section 32

Makes the 50% earned income tax credit rate permanent by amending the sunset provisions in Act 163, Session Laws of Hawaii 2023

Prevents the automatic repeal of the earned income tax credit rate scheduled for December 31, 2027, while allowing other provisions of Act 163 to still sunset as planned

Applies to taxable years beginning after December 31, 2024