HI SB3093 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-01-26 - Referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Provides for re-computation of the amounts for standard deduction, itemized deduction, income tax brackets, and personal exemption each tax year, taking into account the cost-of-living adjustment factor. Adds a one-time adjustment to tax brackets. Increases the applicable percentage of the employment-related expenses for which the child and dependent care income tax credit may be claimed; provides for re-computation of the applicable percentage taking into account the cost-of living adjustment factor; and provides for a disallowance period when there is a final administrative or judicial decision finding that the claim was due to fraud or disallowing the credit. Amends state conformity with certain federal deductions.

Tracking Information

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Title

Relating To Income Tax.

Sponsors


History

DateChamberAction
2024-01-26SenateReferred to WAM.
2024-01-24SenatePassed First Reading.
2024-01-24SenateIntroduced.

Same As/Similar To

HB2404 (Same As) 2024-06-03 - Act 046, 06/03/2024 (Gov. Msg. No. 1146).

Subjects


Hawaii State Sources


Bill Comments

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