HB179

Hawaii HB179 amends income tax credits for low-income household renters and food/excise tax credits.

Hawaii HB179 modifies the income tax credit for low-income household renters by adjusting the credit amounts based on adjusted gross income and the number of qualified exemptions. It also introduces a refundable food/excise tax credit for individual taxpayers. The bill specifies that the tax credits are deductible from the taxpayer's individual net income tax and applies to taxable years beginning after December 31, 2024.