Hawaii 2025 Regular Session

Hawaii Senate Bill SB1013 Compare Versions

Only one version of the bill is available at this time.

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1	1	THE SENATE S.B. NO. 1013 THIRTY-THIRD LEGISLATURE, 2025 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:
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3	3	THE SENATE S.B. NO. 1013
4	4	THIRTY-THIRD LEGISLATURE, 2025
5	5	STATE OF HAWAII
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7	7	THE SENATE
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9	9	S.B. NO.
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11	11	1013
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13	13	THIRTY-THIRD LEGISLATURE, 2025
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17	17	STATE OF HAWAII
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31	31	A BILL FOR AN ACT
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37	37	relating to the earned income tax credit.
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43	43	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47	47	SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows: "(a) Each qualifying individual taxpayer may claim a refundable earned income tax credit. The tax credit, for the appropriate taxable year, shall be forty per cent of the federal earned income tax credit allowed and properly claimed under section 32 of the Internal Revenue Code and reported as such on the individual's federal income tax return. Each qualifying taxpayer claiming a dependent under the age of eighteen may claim an additional ten per cent of the federal earned income tax credit; provided that spouses filing separate tax returns for a taxable year for which a joint return could have been filed shall claim only the tax credit to which they would have been entitled had a joint return been filed." SECTION 2. New statutory material is underscored. SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2024. INTRODUCED BY: _____________________________
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49	49	SECTION 1. Section 235-55.75, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
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51	51	"(a) Each qualifying individual taxpayer may claim a refundable earned income tax credit. The tax credit, for the appropriate taxable year, shall be forty per cent of the federal earned income tax credit allowed and properly claimed under section 32 of the Internal Revenue Code and reported as such on the individual's federal income tax return. Each qualifying taxpayer claiming a dependent under the age of eighteen may claim an additional ten per cent of the federal earned income tax credit; provided that spouses filing separate tax returns for a taxable year for which a joint return could have been filed shall claim only the tax credit to which they would have been entitled had a joint return been filed."
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53	53	SECTION 2. New statutory material is underscored.
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55	55	SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2024.
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59	59	INTRODUCED BY: _____________________________
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61	61	INTRODUCED BY:
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69	69	Report Title: Taxation; Earned Income Tax Credit; Additional Credit for Dependents Description: Authorizes each qualifying individual taxpayer to claim an additional credit if the taxpayer claims any dependent under the age of eighteen. The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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75	75	Report Title:
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77	77	Taxation; Earned Income Tax Credit; Additional Credit for Dependents
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81	81	Description:
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83	83	Authorizes each qualifying individual taxpayer to claim an additional credit if the taxpayer claims any dependent under the age of eighteen.
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91	91	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.