Bill Text: HI HB644 | 2020 | Regular Session | Introduced
Bill Title: Relating To Child Safety.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-12-01 - Carried over to 2020 Regular Session. [HB644 Detail]
Download: Hawaii-2020-HB644-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
644 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to child safety.
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 be appropriately designated and to read as follows:
"§235- Car seat program; income tax credit. (a) There shall be allowed to each qualified taxpayer subject to the tax imposed under this chapter, a car seat program income tax credit that shall be deductible from the taxpayer's net income tax liability, if any, imposed by this chapter for the taxable year in which the credit is properly claimed.
(b) In the case of a partnership, S corporation,
estate, or trust, the tax credit allowable is for qualified expenses incurred
by the entity for the taxable year. The
expenses upon which the tax credit is computed shall be determined at the
entity level. Distribution and share of
credit shall be determined by rule.
(c) The car seat program income tax credit shall
be equal to the qualified expenses of the qualified taxpayer, up to a maximum
of $ .
(d) The director of taxation:
(1) Shall prepare any forms that may be necessary to claim a tax credit under this section;
(2) May require the taxpayer to furnish reasonable information to ascertain the validity of the claim for the tax credit made under this section; and
(3) May adopt rules under chapter 91 necessary to effectuate the purposes of this section.
(e) If the tax credit under this section exceeds
the taxpayer's income tax liability, the excess of the credit over liability
may be used as a credit against the taxpayer's income tax liability in
subsequent years until exhausted. All
claims for the tax credit under this section, including amended claims, shall
be filed on or before the end of the twelfth month following the close of the
taxable year for which the credit may be claimed. Failure to comply with the foregoing
provision shall constitute a waiver of the right to claim the credit.
(f) As used in this section:
"Qualified
expenses" means expenses directly incurred by a qualified taxpayer to
establish and operate a program that allows a passenger to request a vehicle
equipped with a child passenger restraint system that meets federal motor
vehicle safety standards at the time of its manufacture.
"Qualified
taxpayer" means:
(1) A transportation network company; or
(2) The owner or operator of a taxicab.
"Taxicab"
has the same meaning as in section 269-1.
"Transportation network company" has the same meaning as in section 431:10C-701."
SECTION 2. Section 235-15, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) The tax credit shall be [$25; provided
that the taxpayer purchases one or more] $ for each new child passenger
restraint [systems] system purchased by the taxpayer in the tax
year for which the credit is properly claimed; [and] provided that [such]
the restraint system can be shown to be in substantial conformity with
specifications for [such] any restraint systems set forth by the
federal motor vehicle safety standards [which] that were in
effect at the time of [such] the purchase."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2018.
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INTRODUCED BY: |
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Report Title:
Transportation Network Companies; Taxicabs; Child Passenger Restraint Systems; Income Tax Credits
Description:
Establishes an income tax credit for transportation network companies or taxicab operators that establish a car seat program in Hawaii. Increases the child passenger restraint system tax credit.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
