Report Title:

Tax Credit; Home-schooling

Description:

Provides a tax credit equal to $        to parents or guardians that home-school their children.

THE SENATE

S.B. NO.

292

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO HOME-SCHOOLING.

 

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- Tax credits; home-schooling. (a) Any taxpayer who files an individual income tax return for a taxable year and who is a parent or guardian of a child who is home-schooled may claim an income tax credit under this section against the Hawaii state individual net income tax. The tax credit for home schooling shall be $       .

(b) For the purposes of this section, "home-school" means an alternative educational program that qualifies as an exception to the compulsory attendance policy of the department of education under section 302A-1132(a)(5).

(c) If the tax credit claimed by the taxpayer under this section exceeds the amount of the income tax payments due from the taxpayer, the excess of credit over payments due shall be refunded to the taxpayer; provided that the tax credit properly claimed by a taxpayer who has no income tax liability shall be paid to the taxpayer; and provided that no refunds or payments on account of the tax credit allowed by this section shall be made for amounts less than $1.

(d) The director of taxation shall prepare such forms as may be necessary to claim a credit under this section, may require proof of the claim for the tax credit, and may adopt rules pursuant to chapter 91 in order to effectuate this section.

(e) All of the provisions relating to assessments and refunds under this chapter and under section 231-23(c)(1) shall apply to the home schooling tax credit.

(f) Claims for the home schooling tax credit, including any amended claims, shall be filed on or before the end of the twelfth month following the taxable year for which the credit may be claimed."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2002.

INTRODUCED BY:

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