THE SENATE
THE TWENTY-EIGHTH LEGISLATURE
REGULAR SESSION OF 2015

COMMITTEE ON WAYS AND MEANS
Senator Jill N. Tokuda, Chair
Senator Ronald D. Kouchi, Vice-Chair

MEASURES DEFERRED TO FRIDAY, FEBRUARY 13, 2015

DATE:

Friday, February 13, 2015

TIME:

9:00 AM

PLACE:

Conference Room 211
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB553
Status and Testimony

RELATING TO INCOME TAX.
Reduces or eliminates the state income tax liability for taxpayers with a federal adjusted gross income of less than 125% of the federal poverty guidelines set forth each year by the United States Department of Health and Human Services.  Applies to taxable years beginning after 12/31/2015.

WAM

SB556
Status and Testimony

RELATING TO TAXATION.
Establishes a refundable state earned income tax credit.  Requires DOTAX to prepare an annual report on the tax credit's usage for the previous year.  Applies to taxable years beginning after 12/31/2015.

WAM

SB555
Status and Testimony

RELATING TO TAX CREDITS.
Amends the refundable food/excise tax credit.  Ties the credit to increases in the consumer price index.  Applies to taxable years beginning after 12/31/2015.

WAM

SB901
Status and Testimony

RELATING TO INCOME TAXATION.
Increases the income tax standard deduction for an individual who is not married and not a surviving spouse or a head of household or an individual who is married and filing a separate return.

WAM

No testimony will be accepted.

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-587-7215.