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]
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.
Title
Relating To Income Tax.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-26 | Senate | Referred to WAM. |
2024-01-24 | Senate | Passed First Reading. |
2024-01-24 | Senate | Introduced. |
Same As/Similar To
HB2404 (Same As) 2024-06-03 - Act 046, 06/03/2024 (Gov. Msg. No. 1146).
Subjects
Child and Dependent Care Tax Credit
Conformity with Federal Deductions
Income Tax
Income Tax Brackets
Itemized Deduction
Personal Exemption
Standard Deduction
Conformity with Federal Deductions
Income Tax
Income Tax Brackets
Itemized Deduction
Personal Exemption
Standard Deduction
Hawaii State Sources
Type | Source |
---|---|
Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3093&year=2024 |
Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3093_.HTM |