Bill Text: HI HB594 | 2021 | Regular Session | Introduced
Bill Title: Relating To Business.
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: (Introduced - Dead) 2021-01-27 - Referred to ECD, JHA, FIN, referral sheet 1 [HB594 Detail]
Download: Hawaii-2021-HB594-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
594 |
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THIRTY-FIRST LEGISLATURE, 2021 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to business.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to part I to be appropriately designated and to read as follows:
"§235- Income tax credit; residency. Notwithstanding
any law to the contrary, any taxpayer claiming a tax credit pursuant to this chapter
shall provide to the department of taxation documentation verifying that at
least seventy-five per cent of all employees of the taxpayer are residents of
the State, including proof of residency for each resident employee through a
state-issued identification card and any two of the following acceptable forms
of documentation:
(1) A current home
utility bill, lease or rental agreement, or deed or title to real property in
the State;
(2) A wage stub
issued in the last six months; or
(3) Other proof of
Hawaii residency as determined by the director of taxation."
SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Tax Credits; Income Tax; Employees; State Residency
Description:
Requires any taxpayer claiming an income tax credit to submit documentation verifying that seventy-five per cent of the applicant's employees are residents of Hawaii, including proof of residency for each qualifying employee through a state-issued identification card and two other acceptable documents as determined by the director of taxation.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
