Establishes a $3,000 income tax credit for retired Hawaii National Guard members meeting specific criteria.

This bill creates a tax credit for retired Hawaii National Guard members who meet certain conditions. The credit is $3,000 and applies to those who have served at least 20 years, have a 100% service-connected disability, or are eligible for pension or retirement pay. The credit is available to taxpayers with an adjusted gross income under $77,950. The Director of Taxation will prepare necessary forms and may require additional information to validate claims. The credit applies to taxable years beginning after December 31, 2025.

Establishes a $3,000 income tax credit for retired Hawaii National Guard members meeting specific criteria.

This bill creates a tax credit for retired Hawaii National Guard members who meet certain conditions. The credit is $3,000 and applies to those who have served at least 20 years, have a 100% service-connected disability, or are eligible for pension or retirement pay. The credit is available to taxpayers with an adjusted gross income under $77,950. The Director of Taxation will prepare necessary forms and may require additional information to validate claims. The credit applies to taxable years beginning after December 31, 2025.