HI HB574

Establishes a $3,000 income tax credit for retired Hawaii National Guard service members against state individual net income tax

Limits eligibility to taxpayers with adjusted gross income below $77,950 who have separated from the Hawaii National Guard

Qualifying retirees must meet one of three criteria: at least 20 years of service, 100% service-connected permanent disability rating, or eligibility for National Guard pension/retirement pay

Prohibits claiming the credit if the taxpayer already excludes pension compensation from taxation under existing state law

Applies to taxable years beginning after December 31, 2025