STAND. COM. REP. NO. 708-14
Honolulu, Hawaii
, 2014
RE: H.B. No. 1808
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 1808, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INCOME TAX CREDITS,"
begs leave to report as follows:
The purpose of this measure is to assist low-income households by:
(1) Increasing the income threshold to claim the low-income household renter tax credit from $30,000 to $59,700;
(2) Increasing the tax credit from $50 to $146; and
(3) Adjusting the credit for inflation for taxable years after December 31, 2014.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1808, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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