Establishes a refundable child tax credit for Hawaii residents to support working families.

This bill creates a refundable child tax credit in Hawaii to assist working families with children. The credit is calculated based on the number of dependents under 18 and the taxpayer's adjusted gross income. The credit is refundable, meaning if it exceeds the taxpayer's income tax liability, the excess will be refunded. The bill aims to address the disproportionate tax burden on low-income households and to support child well-being. The credit will apply to taxable years beginning after December 31, 2025.

Establishes a refundable child tax credit for Hawaii residents to support working families.

This bill creates a refundable child tax credit in Hawaii to assist working families with children. The credit is calculated based on the number of dependents under 18 and the taxpayer's adjusted gross income. The credit is refundable, meaning if it exceeds the taxpayer's income tax liability, the excess will be refunded. The bill aims to address the disproportionate tax burden on low-income households and to support child well-being. The credit will apply to taxable years beginning after December 31, 2025.