Report Title:

Low-Income Refundable Tax Credit

Description:

Changes the eligibility requirements for the low-income refundable tax credit by requiring taxpayers to be eligible for state public assistance.

HOUSE OF REPRESENTATIVES

H.B. NO.

2302

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO LOW-INCOME REFUNDABLE TAX CREDIT.

 

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 (d) to read as follows:

"(d) The tax credit under this section shall not be available to:

(1) Any person who has been convicted of a felony and who has been committed to prison and has been physically confined for the full taxable year;

(2) Any person who would otherwise be eligible to be claimed as a dependent but who has been committed to a youth correctional facility and has resided at the facility for the full taxable year; [or]

(3) Any misdemeanant who has been committed to jail and has been physically confined for the full taxable year[.]; or

(4) Any person who is not eligible to receive public assistance under section 346-29."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2003.

INTRODUCED BY:

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