HOUSE OF REPRESENTATIVES H.B. NO. 432 THIRTY-FIRST LEGISLATURE, 2021 H.D. 1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE EARNED INCOME TAX CREDIT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
HOUSE OF REPRESENTATIVES H.B. NO. 432
THIRTY-FIRST LEGISLATURE, 2021 H.D. 1
STATE OF HAWAII
HOUSE OF REPRESENTATIVES
H.B. NO.
432
THIRTY-FIRST LEGISLATURE, 2021
H.D. 1
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO THE EARNED INCOME TAX CREDIT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows: "(g) This section shall apply to taxable years beginning after December 31, 2017, but shall not apply to taxable years beginning after December 31, [2022.] 2027." SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored. SECTION 3. This Act shall take effect on July 1, 2050.
SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows:
"(g) This section shall apply to taxable years beginning after December 31, 2017, but shall not apply to taxable years beginning after December 31, [2022.] 2027."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title: Earned Income Tax Credit; Extension Description: Extends the earned income tax credit by five years. Effective 7/1/2050. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
Report Title:
Earned Income Tax Credit; Extension
Description:
Extends the earned income tax credit by five years. Effective 7/1/2050. (HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.