Bill Text: HI SCR149 | 2019 | Regular Session | Introduced


Bill Title: Encouraging The Legislature To Re-evaluate The Maximum Claimable Amount Of The Low-income Household Renters Tax Credit Per Taxpayer In Order To Address The Shortage Of Affordable Rental Units For Low-income Households.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-03-18 - The committee(s) on HOU deleted the measure from the public hearing scheduled on 03-21-19 1:45PM in conference room 225. [SCR149 Detail]

Download: Hawaii-2019-SCR149-Introduced.html

THE SENATE

S.C.R. NO.

149

THIRTIETH LEGISLATURE, 2019

 

STATE OF HAWAII

 

 

 

 

 

SENATE CONCURRENT

RESOLUTION

 

 

encouraging the legislature to re-evaluate the MAXIMUM claimable amount of the low-income household renters tax credit PER TAXPAYER in order to address the shortage of affordable rental units for low-income households.

 

 


     WHEREAS, the State is experiencing a housing crisis, with a severe lack of affordable housing and rental units for residents, particularly for low- and moderate-income residents; and

 

     WHEREAS, according to the United States Department of Housing and Urban Development, as of 2018, in Honolulu, a single person making $65,350 and a family of four making $93,300 are considered low-income; and

 

     WHEREAS, a single person making $40,850 and a family of four making $58,300 are now considered very low-income; and

 

     WHEREAS, under existing law, a taxpayer with an adjusted gross income of less than $30,000 is considered low-income for purposes of claiming a low-income household renters tax credit; and

 

     WHEREAS, the low-income household renters tax credit was established to assist many of Hawaii's low- and moderate-income families with the high cost of rent in the State; and

 

     WHEREAS, the low-income household renters tax credit amount has not been changed since 1981, and the adjusted gross income ceiling has not been adjusted since 1989; and

 

     WHEREAS, existing law needs to be updated in order to address the stark difference in income levels from the 1980s to recent years; now, therefore,

 

     BE IT RESOLVED by the Senate of the Thirtieth Legislature of the State of Hawaii, Regular Session of 2019, the House of Representatives concurring, that the Legislature is encouraged to re-evaluate the maximum claimable amount of the low-income household renters tax credit per taxpayer in order to address the shortage of affordable rental units for low-income households; and

 

     BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the President of the Senate and Speaker of the House of Representatives.

 

 

 

 

OFFERED BY:

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Report Title: 

Affordable Rentals; Low-income Households; Low-income Household Renters Tax Credit

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