HI SB1126 | 2024 | Regular Session
Note: Carry Over of previous SB1126
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 20 2023 - 25% progression, died in committee
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Health and Human Services Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 20 2023 - 25% progression, died in committee
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Health and Human Services Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the income tax credit for expenses for household and dependent care services necessary for gainful employment by increasing the taxpayer's applicable percentage of employment-related expenses and dollar limit on amounts creditable that constitute the tax credit. Requires the department of taxation to make annual adjustments for inflation to the adjusted gross income thresholds and dollar limits on amounts creditable. Applies to taxable years beginning after 12/31/22.
Title
Relating To Taxation.
Sponsors
| Sen. Angus McKelvey [D] | Sen. Stanley Chang [D] | Sen. Dru Kanuha [D] | Sen. Gil Keith-agaran [D] |
| Sen. Karl Rhoads [D] | Sen. Les Ihara [D] | Sen. Maile Shimabukuro [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-12-11 | Carried over to 2024 Regular Session. | |
| 2023-01-27 | Senate | Referred to HHS, WAM. |
| 2023-01-23 | Senate | Passed First Reading. |
| 2023-01-20 | Senate | Introduced. |
Same As/Similar To
HB241 (Same As) 2023-12-11 - Carried over to 2024 Regular Session.
SB1126 (Carry Over) 2023-01-27 - Referred to HHS, WAM.
SB1126 (Carry Over) 2023-01-27 - Referred to HHS, WAM.
Subjects
Expenses for Household and Dependent Care Services Necessary for Gainful Employment
Income Tax Credit
Income Tax Credit
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1126&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB1126_.HTM |
