Bill Text: HI HB432 | 2021 | Regular Session | Amended
Bill Title: Relating To The Earned Income Tax Credit.
Spectrum: Partisan Bill (Democrat 24-0)
Status: (Introduced - Dead) 2021-03-11 - Recommitted to FIN with Representative Ward voting aye with reservations; none voting no and Representative(s) Matsumoto, Mizuno excused. [HB432 Detail]
Download: Hawaii-2021-HB432-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
432 |
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THIRTY-FIRST LEGISLATURE, 2021 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE EARNED INCOME TAX CREDIT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows:
"(g) This section shall apply to taxable years
beginning after December 31, 2017, but shall not apply to taxable years
beginning after December 31, [2022.] 2027."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
Earned Income Tax Credit; Extension
Description:
Extends the earned income tax credit by five years. Effective 7/1/2050. (HD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
