HI HB959 | 2025 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-02-07 - The committee(s) on ECD recommend(s) that the measure be deferred.
Pending: House Economic Development Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Exempts the sale of groceries and nonprescription drugs from the general excise tax. Incrementally increases the general excise tax over four years, with the increased proceeds during certain fiscal years to be deposited into the general fund. Removes the state income tax on unemployment compensation benefits. Doubles the standard deduction for individuals earning less than $100,000 and joint returns earning less than $200,000. Repeals the incremental increases on standard income tax deduction amounts. Increases the minimum income threshold and exemption amount for the low-income household renters' income tax credit. Removes the tax liability for the first $100,000 of individual income earned. Establishes the Maui Recovery Special Fund to be used for recovery programs related to the 2023 Maui wildfires. Appropriates funds. Applies to taxable years beginning after 12/31/2024.

Tracking Information

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Title

Relating To Taxation.

Sponsors


History

DateChamberAction
2025-02-07HouseThe committee(s) on ECD recommend(s) that the measure be deferred.
2025-02-04HouseBill scheduled to be heard by ECD on Friday, 02-07-25 10:15AM in House conference room 423 VIA VIDEOCONFERENCE.
2025-01-23HouseReferred to ECD, FIN, referral sheet 3
2025-01-23HouseIntroduced and Pass First Reading.
2025-01-21HousePending introduction.

Same As/Similar To

SB1043 (Same As) 2025-02-21 - The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference.

Subjects


Hawaii State Sources


Bill Comments

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