HB1214

Establishes a tax credit for landlords leasing to qualified tenants in Hawaii.

This bill creates a landlord resident tenant tax credit in Hawaii, allowing landlords who lease to verified state residents a credit of $1,000 per dwelling unit. The credit is deductible from the landlord's net income tax liability. The Director of Taxation must prepare necessary forms and may require information to verify claims. The credit applies to taxable years beginning after December 31, 2024.