Bill Text: HI SB2959 | 2024 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2024-03-15 - Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ganaden, Gates, Martinez, Quinlan excused (5). [SB2959 Detail]
Download: Hawaii-2024-SB2959-Amended.html
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THE SENATE |
S.B. NO. |
2959 |
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THIRTY-SECOND LEGISLATURE, 2024 |
S.D. 1 |
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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. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§235-
Income tax credit;
medical travel expenses. (a) Each resident taxpayer who is not eligible to
be claimed by another as a dependent for federal or state income taxes; who
paid for certain travel expenses, not covered by insurance, for the purpose of
obtaining medical care for the taxpayer's own person, or for obtaining medical
care for a dependent of the resident taxpayer; and who files an individual net
income tax return for a taxable year, may claim a tax credit under this section
against the resident taxpayer's Hawaii state individual net income tax, subject
to the requirements of this section.
(b) Each taxpayer having an adjusted gross income
of less than $ who paid for
travel expenses, not covered or compensated by insurance or otherwise, for the
purpose of obtaining medical care for the taxpayer's own person, or for
obtaining medical care for a dependent of the resident taxpayer, during the
taxable year for which the credit is claimed, may claim a tax credit in an
amount equal to per cent of the travel expenses paid that
were primarily for, and essential to, medical care.
(c) The tax credits shall be deductible from the
taxpayer's individual net income tax for the tax year in which the credits are
properly claimed; provided that spouses filing separate returns for a taxable
year for which a joint return could have been made by the spouses shall claim
only the tax credits to which they would have been entitled had a joint return
been filed. If the allowed tax credits
exceed the amount of the income tax payments due from the taxpayer, the excess
of credits over payments due shall be refunded to the taxpayer; provided
further that no refunds or payments on account of the tax credits allowed by
this section shall be made for amounts less than $1.
(d) All of the provisions relating to assessments
and refunds under this chapter and under section 231-23(c)(1) shall apply to
the tax credits hereunder.
(e) Claims for tax credits under this section, including any amended claims thereof, shall be filed on or before the end of the twelfth month following the taxable year for which the credit may be claimed.
(f) The director of taxation shall prepare and
prescribe the appropriate forms to be used herein, require proof of claims for
tax credits, and adopt rules pursuant to chapter 91 necessary for the purposes
of this section.
(g) For the purposes of this section:
"Dependent"
has the same meaning as in section 152 of the Internal Revenue Code, determined
without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof.
"Medical care" has the same meaning as in sections 213(d)(1)(A) and 213(d)(9) of the Internal Revenue Code."
SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect on December 31, 2050, and shall apply to taxable years beginning after December 31, 2023.
Report Title:
Income Taxation; Individuals; Medical Travel; Tax Credit
Description:
Establishes an income tax credit for medically-related travel expenses not covered by insurance. Effective 12/31/2050. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
