Establishes a Labor Day tax credit for employers of construction workers in Hawaii.

This bill establishes a Labor Day tax credit for employers of construction workers in Hawaii. It requires employers to pay construction workers double their regular rate of pay for any work performed on Labor Day. The bill also allows employers to claim a tax credit for each construction worker employed on Labor Day, regardless of whether the worker actually works on the holiday. The tax credit is deductible from the employer's net income tax liability. The bill appropriates funds for fiscal year 2026-2027 to enforce these requirements and to subsidize the tax credit.

Establishes a Labor Day tax credit for employers of construction workers in Hawaii.

This bill establishes a Labor Day tax credit for employers of construction workers in Hawaii. It requires employers to pay construction workers double their regular rate of pay for any work performed on Labor Day. The bill also allows employers to claim a tax credit for each construction worker employed on Labor Day, regardless of whether the worker actually works on the holiday. The tax credit is deductible from the employer's net income tax liability. The bill appropriates funds for fiscal year 2026-2027 to enforce these requirements and to subsidize the tax credit.