Bill Text: HI SB2754 | 2022 | Regular Session | Introduced
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced - Dead) 2022-01-28 - The committee on HTH deferred the measure. [SB2754 Detail]
Download: Hawaii-2022-SB2754-Introduced.html
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THE SENATE |
S.B. NO. |
2754 |
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THIRTY-FIRST LEGISLATURE, 2022 |
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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:
The legislature further finds that the Blood Bank of Hawaii is the sole provider of blood to the eighteen civilian hospitals in the State and one on Guam. Regular inventory maintenance requires one hundred and fifty donors every day. According to the Blood Bank of Hawaii, it has been forced to undersupply the State's hospitals, leaving them with between sixty and eighty per cent of its normal blood supply. The legislature finds that the blood supply shortage is a health crisis and poses a significant risk to those who suffer medical emergencies that require blood transfusions.
This purpose of this Act is to establish a blood donation income tax credit to promote blood donations throughout the State.
SECTION 2. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§235- Tax credits to promote blood donations. (a)
There
shall be allowed to each taxpayer subject to the tax imposed by this chapter a blood
donation tax credit, which shall be deductible from the taxpayer's net income
tax liability, if any, imposed by this chapter for the taxable year in which the
credit is properly claimed.
(b) The tax credit shall be $ ;
provided that the taxpayer makes four or more blood donations through a blood bank
in the State during the taxable year; provided further that one whole blood donation,
platelet donation, or plasma donation shall be deemed one blood donation, and one
double red cell donation shall be deemed two blood donations.
(c) If the tax credit claimed by the taxpayer
under this section exceeds the amount of the income tax payments due from the
taxpayer, the excess of credit over payments due shall be refunded to the
taxpayer; provided that the tax credit properly claimed by a taxpayer who has
no income tax liability shall be paid to the taxpayer; and provided that no refunds
or payments on account of the tax credit allowed by this section shall be made
for amounts less than $1.
(d) The director of taxation shall prepare forms
as may be necessary to claim a credit under this section, may require proof of
the claim for the tax credit, and may adopt rules pursuant to chapter 91.
(e) All of the provisions relating to assessments
and refunds under this chapter and under section 231-23(c)(1) shall apply to
the tax credit under this section.
(f) Claims for the tax credit under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the taxable year for which the credit may be claimed. Failure to comply with the foregoing provision shall constitute a waiver of the right to claim the credit."
SECTION 3. New statutory material is underscored.
SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2021.
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INTRODUCED BY: |
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Report Title:
Tax Credit; Blood Donations
Description:
Creates a blood donation income tax credit to promote frequent blood donations.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
