Bill Text: HI HB2284 | 2014 | Regular Session | Introduced
Bill Title: Taxation; Refundable Food/Excise Tax Credit
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2014-01-27 - Referred to FIN, referral sheet 6 [HB2284 Detail]
Download: Hawaii-2014-HB2284-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2284 |
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TWENTY-SEVENTH LEGISLATURE, 2014 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO TAX CREDITS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.85, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) For the purposes of this
section, a qualified exemption is defined to include those exemptions permitted
under this chapter; provided that [no additional exemption may be claimed by
a] for taxable years beginning after December 31, 2014, each
taxpayer who is sixty-five years of age or older[;] may claim double
the tax credit; provided that a person for whom exemption is claimed has
physically resided in the State for more than nine months during the taxable
year; and provided further that multiple exemptions shall not be granted
because of deficiencies in vision or hearing, or other disability. For
purposes of claiming this credit only, a minor child receiving support from the
department of human services of the State, social security survivor's benefits,
and the like, may be considered a dependent and a qualified exemption of the
parent or guardian."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval and shall apply to taxable years beginning after December 31, 2014.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
Taxation; Refundable Food/Excise Tax Credit
Description:
Doubles the refundable food/excise tax credit amount for each taxpayer who is sixty-five years of age or older.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
