HI HB916

Allows Hawaii's state low-income housing tax credit to be used to offset transient accommodations tax (hotel tax) liability, in addition to income tax liability, to expand the pool of potential investors for affordable housing projects

Restricts the tax credit offset to transient accommodations taxes imposed in the same county where the qualified low-income housing building is located

Makes permanent Act 129, Session Laws of Hawaii 2016, by removing the December 31, 2027 repeal date for the state low-income housing tax credit provisions

Applies to taxable years beginning after December 31, 2025, with an effective date of July 1, 3000 (placeholder date indicating the bill requires further amendment before implementation)