Bill Text: HI HB954 | 2023 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 41-0)
Status: (Passed) 2023-06-30 - Act 163, 06/30/2023 (Gov. Msg. No. 1266). [HB954 Detail]
Download: Hawaii-2023-HB954-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
954 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO TAXATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Each qualifying
individual taxpayer may claim a refundable earned income tax credit. The tax credit, for the appropriate taxable
year, shall be [twenty] per cent of the
federal earned income tax credit allowed and properly claimed under section 32
of the Internal Revenue Code and reported as such on the individual's federal
income tax return."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on June 30, 3000.
Report Title:
Earned Income Tax Credit; Amount
Description:
Changes the amount of the state earned income tax credit to an unspecified percentage of the federal earned income tax credit allowed based on an individual's federal income tax return. Effective 6/30/3000. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
