Bill Text: HI HB108 | 2016 | Regular Session | Introduced

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Bill Title: Taxation; Deductions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-12-17 - Carried over to 2016 Regular Session. [HB108 Detail]

Download: Hawaii-2016-HB108-Introduced.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	108
TWENTY-EIGHTH LEGISLATURE, 2015
STATE OF HAWAII

A BILL FOR AN ACT

 

 

relating to taxation.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  Section 235-2.4, Hawaii Revised Statutes, is amended by amending subsection (i) to read as follows:

     "(i)  Section 164 (with respect to taxes) of the Internal Revenue Code shall be operative for the purposes of this chapter, except that:

     (1)  Section 164(a)(6) and (b)(6) shall not be operative for the purposes of this chapter; and

    [(2)  The deductions under section 164(a)(3) and (b)(5) shall not be operative for corporate taxpayers and shall be operative only for the following individual taxpayers:

         (A)  A taxpayer filing a single return or a married person filing separately with a federal adjusted gross income of less than $100,000;

         (B)  A taxpayer filing as a head of household with a federal adjusted gross income of less than $150,000; and

         (C)  A taxpayer filing a joint return or as a surviving spouse with a federal adjusted gross income of less than $200,000; and

     (3)] (2)  Section 164(a)(3) shall not be operative for any amounts for which the credit under section 235-55 has been claimed."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act, upon its approval, shall apply to taxable years beginning after December 31, 2013.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Taxation; Deductions

 

Description:

Restores the deduction for state taxes paid for taxpayers with income above specified thresholds.

 

 

 

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