Hawaii SB704 amends the Earned Income Tax Credit to increase the credit to 50% of the federal credit.

Hawaii SB704 modifies the Earned Income Tax Credit by increasing the credit to 50% of the federal earned income tax credit for qualifying individual taxpayers. This change applies to taxable years beginning after December 31, 2024. The bill also repeals certain sections of the Act on December 31, 2027, and reenacts others.

Hawaii SB704 amends the Earned Income Tax Credit to increase the credit to 50% of the federal credit.

Hawaii SB704 modifies the Earned Income Tax Credit by increasing the credit to 50% of the federal earned income tax credit for qualifying individual taxpayers. This change applies to taxable years beginning after December 31, 2024. The bill also repeals certain sections of the Act on December 31, 2027, and reenacts others.