Bill Text: HI HB493 | 2023 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 23-0)
Status: (Engrossed - Dead) 2023-03-10 - Referred to WAM. [HB493 Detail]
Download: Hawaii-2023-HB493-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
493 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 2 |
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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 235-55.85, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) Each individual taxpayer may claim a refundable food/excise tax credit multiplied by the number of qualified exemptions to which the taxpayer is entitled in accordance with the table below; provided that a husband and wife filing separate tax returns for a taxable year for which a joint return could have been filed by them shall claim only the tax credit to which they would have been entitled had a joint return been filed.
Adjusted gross income Credit per exemption
for
taxpayers filing
a
single return
Under $5,000 [$110] $
$5,000 under $10,000 [$100] $
$10,000 under $15,000 [$ 85] $
$15,000 under $20,000 [$ 70] $
$20,000 under [$30,000] $40,000 [$ 55] $
[$30,000] $40,000 and over $ 0.
Adjusted gross income Credit per exemption
for heads of household,
married individuals filing
separate returns, and
married couples filing
joint returns
Under $5,000 [$110] $
$5,000 under $10,000 [$100] $
$10,000 under $15,000 [$ 85] $
$15,000 under $20,000 [$ 70] $
$20,000 under $30,000 [$ 55] $
$30,000 under $40,000 [$ 45] $
$40,000 under [$50,000] $70,000 [$ 35] $
[$50,000] $70,000 and over $
0."
SECTION
2. Statutory material to be repealed is
bracketed and stricken. New statutory
material is underscored.
SECTION 3. This Act shall take effect on June 30, 3000.
Report Title:
Refundable Food/Excise Tax Credit
Description:
Amends the adjusted gross income brackets and credit amounts of the refundable food/excise tax credit. Effective 6/30/3000. (HD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
