Establishes a refundable state child tax credit for qualifying individual taxpayers in Hawaii.

The bill introduces a refundable child tax credit for qualifying individual taxpayers in Hawaii. The credit amount varies based on the taxpayer's adjusted gross income and the number of dependents under age eighteen. The credit is designed to be claimed against the net income tax liability for the taxable year, with any excess refunded to the taxpayer. The bill also mandates the director of taxation to prepare necessary forms, alert eligible taxpayers, and submit an annual public report to the governor and legislature.

Establishes a refundable state child tax credit for qualifying individual taxpayers in Hawaii.

The bill introduces a refundable child tax credit for qualifying individual taxpayers in Hawaii. The credit amount varies based on the taxpayer's adjusted gross income and the number of dependents under age eighteen. The credit is designed to be claimed against the net income tax liability for the taxable year, with any excess refunded to the taxpayer. The bill also mandates the director of taxation to prepare necessary forms, alert eligible taxpayers, and submit an annual public report to the governor and legislature.