HI HB889

Creates a new refundable tax credit allowing Hawaii residents to recover 100% of transient accommodations tax (TAT) paid for lodging within the state

Credit applies to individual income tax filers and will be refunded even if it exceeds the taxpayer's tax liability, with no refunds issued for amounts less than $1

Claims for the credit must be filed within 12 months following the end of the taxable year

Applies to taxable years beginning after December 31, 2024

Addresses perceived double taxation on Hawaii residents who already pay income tax, general excise tax, and property tax while also being charged TAT when vacationing in-state