Bill Text: HI SB76 | 2020 | Regular Session | Amended
Bill Title: Relating To Taxation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-06-22 - Received notice of all Senate conferees being discharged (Sen. Com. No. 535). [SB76 Detail]
Download: Hawaii-2020-SB76-Amended.html
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THE SENATE |
S.B. NO. |
76 |
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THIRTIETH LEGISLATURE, 2019 |
S.D. 1 |
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STATE OF HAWAII |
Proposed |
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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- Personal emergency response system; income tax credit. (a) There shall be allowed to each taxpayer subject to the tax imposed by this chapter, a tax credit for the purchase of a personal emergency response system; provided that the taxpayer shall have an adjusted gross income of less than $45,000.
(b) The amount of the credit shall be equal to $ . Tax credits that exceed the taxpayer's income tax liability may be used as a credit against the taxpayer's income tax liability in subsequent years until exhausted; provided that in no taxable year shall the total amount of tax credits claimed under this section exceed $ .
(c) All claims, including any amended claims, for tax credits under this section shall be filed on or before the end of the twelfth month following the close of the taxable year for which the credit may be claimed. Failure to comply with the foregoing provision shall constitute a waiver of the right to claim the credit.
(d) The director of taxation:
(1) Shall prepare any forms that may be necessary to claim a tax credit under this section;
(2) May require the taxpayer to furnish reasonable information to ascertain the validity of the claim for the tax credit made under this section; and
(3) May adopt rules under chapter 91 necessary to effectuate the purposes of this section.
(e) As used in this section, "personal emergency response system" means an alarm system designed to permit the user to signal the occurrence of a medical or personal emergency to alert a provider."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2018.
Report Title:
Income Tax Credit; Personal Emergency Response System
Description:
Establishes a non-refundable tax credit for the purchase of a personal emergency response system, under certain conditions. (Proposed SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
