Legislative record
HB 1049STATE · HawaiiIntroduced
RELATING TO INCOME TAX.
Increases the applicable percentage of employment-related expenses that is used to calculate the amount of the child and dependent care tax credit. Increases the cap amount on employment-related expenses that may be used to claim the child and dependent care tax credit. Annually adjusts the threshold amount of the child and dependent care tax credit by a cost-of-living adjustment factor. Increases the amount of the refundable earned income tax credit. Increases the income thresholds and credit amounts of the refundable food/excise tax credit. Sunsets these tax credits on December 31, 2028. (SD2)
Voted 3/20/2024