Bill Text: HI SB2807 | 2024 | Regular Session | Introduced
Bill Title: Relating To Taxation.
Spectrum: Strong Partisan Bill (Democrat 12-1)
Status: (Introduced - Dead) 2024-01-24 - Referred to HHS, WAM. [SB2807 Detail]
Download: Hawaii-2024-SB2807-Introduced.html
THE SENATE |
S.B. NO. |
2807 |
THIRTY-SECOND LEGISLATURE, 2024 |
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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:
"§235- Rural
physician tax credit. (a) There shall be allowed to each individual
taxpayer who is a qualified physician and who is not claimed, or is not
otherwise eligible to be claimed, as a dependent by another taxpayer for
federal or state income tax purposes, a rural physician tax credit that shall
be deductible from the taxpayer's net income tax liability imposed by this chapter
for the taxable year in which the tax credit is properly claimed.
(b) To qualify for the tax credit, the qualified
physician taxpayer shall be in compliance with all applicable federal, state,
and county statutes, rules, and regulations.
(c) The tax credit shall be $ ;
provided further that the tax credit may be claimed only once per taxable year.
(d) If the tax credit under this section exceeds
the taxpayer's net income tax liability, the amount of the excess tax credit may
be claimed in subsequent years until exhausted.
(e) Every claim, including amended claims, for
the tax credit under this section shall be filed on or before the end of the
twelfth month following the close of the taxable year for which the tax credit
may be claimed. Failure to meet the
filing requirements of this subsection shall constitute a waiver of the right
to claim the tax credit.
(f) The director of taxation:
(1) Shall prepare forms as may be necessary to claim a tax credit under this section;
(2) May require proof of the claim for the tax credit; and
(3) May adopt rules pursuant to chapter 91 to effectuate the purposes of this section.
(g)
As used in this section:
"Qualified
physician" means a physician licensed under chapter 453 who moves to, and
establishes residence and actively practices medicine in, a rural area of the State."
"Rural
area" means an area designated by the department of health that is in
critical need of physicians."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2023.
INTRODUCED BY: |
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Report Title:
Taxation; Physicians Shortage; Rural Areas; Tax Credit
Description:
Establishes an annual tax credit for qualified physicians who actively practice medicine in rural areas of the state.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.