Bill Text: HI HB1720 | 2018 | Regular Session | Introduced
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Engrossed - Dead) 2018-03-20 - Re-Referred to TRE, WAM. [HB1720 Detail]
Download: Hawaii-2018-HB1720-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1720 |
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TWENTY-NINTH LEGISLATURE, 2018 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to taxation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§235- Teacher expenses; tax deduction. (a)
There shall be allowed as a deduction from gross income the amount, not
to exceed $ , for amounts paid
during the taxable year by a teacher for the following expenses:
(1) Professional development courses related to
the curriculum in which the teacher provides instruction; and
(2) Books, supplies, computer equipment, software,
and supplementary materials used by the teacher in the classroom.
(b) The director of taxation shall prepare such
forms as may be necessary to claim a tax deduction under this section, may
require proof of the claim for the tax deduction, and may adopt rules pursuant
to chapter 91.
(c) For the purpose of this section, "teacher" means an individual taxpayer whose duties in the public or private educational system are primarily teaching or instruction of students or related activities centered primarily on students and who is in close and continuous contact with students, and shall include but not be limited to classroom teachers, school librarians, counselors, registrars, and special education teachers."
SECTION 2. Section 241-4, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) The measure of the tax imposed by this
chapter is the entire net income from all sources for the preceding calendar
year, or in the case of a taxpayer operating on a fiscal year basis, for the
preceding fiscal year. The tax shall be
at the rate of [seven and ninety-two one hundredths] 8.92 per
cent of the entire net income from all sources."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2017.
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INTRODUCED BY: |
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Report Title:
Teachers; Income Tax; Deduction; Franchise Tax
Description:
Allows for a state income tax deduction for teacher supplies purchased related to the classroom. Increases the franchise tax on banks and other financial corporations.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
