Bill Text: HI HB108 | 2016 | Regular Session | Introduced
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
HOUSE OF REPRESENTATIVES |
H.B. NO. |
108 |
TWENTY-EIGHTH LEGISLATURE, 2015 |
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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 235-2.4, 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 Statutory material to be repealed is bracketed and stricken.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: |
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Report Title:
Taxation; Deductions
Description:
Restores the deduction for state taxes paid for taxpayers with income above specified thresholds.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.