Budget & Taxes (Income Tax)

passed · Hawaii · Senate Mar 10, 2026

SB 2362: RELATING TO TAXATION.

SB 2362 would eliminate a specific tax deduction for real estate investment trusts (REITs), requiring them to pay taxes on dividends they distribute to shareholders instead of deducting those payments. This change directly affects REITs, which are companies that own and operate real estate properties and typically rely on this deduction to reduce taxable income. The key provision removes the "dividends paid deduction" from the tax code, meaning REITs would no longer be able to subtract their dividend payments from their taxable earnings. This policy change would increase the tax burden on REITs without altering their operational structure.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates REIT tax deduction, closing a loophole to increase tax revenue from real estate entities, aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Hawaii · Senate Dec 8, 2025

SB 566: RELATING TO THE SPAYING AND NEUTERING OF ANIMALS.

Establishes a spay and neuter special fund. Establishes a spay and neuter special fund advisory committee to develop eligibility criteria for and manage the disbursement of the special fund. Authorizes, and requires the Director of Taxation to amend the individual state income tax form to facilitate, the designation of tax refund moneys to be paid to the spay and neuter special fund. Appropriates moneys into and out of the special fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax refund designation mechanism to fund spay/neuter program via appropriation, directly allocating budget resources through taxation.90% confidence

Sub-Topics Income Tax

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in committee · Hawaii · House Dec 8, 2025

HB 694: RELATING TO A CHILD TAX CREDIT.

HB 694 establishes a refundable child tax credit for families with children, directly affecting households with qualifying dependents who file state income tax returns. The credit allows eligible families to receive money back from the state even if they owe no income tax, with the amount determined by the bill's specific formula (not detailed in the abstract). It applies to tax returns filed for taxable years starting after December 31, 2025, meaning the credit would first be available for 2026 tax filings. The bill is currently in committee referral and has not yet been voted on.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefundable child tax credit provides direct tax relief to qualifying families with dependents, reducing tax burden and increasing disposable income for lower/middle-income households.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · Senate Dec 8, 2025

SB 1053: RELATING TO A CHILD TAX CREDIT.

SB 1053 would create a refundable child tax credit for families with children in the state. This credit would directly benefit low- and middle-income households with dependent children, providing them with financial support they can receive even if they owe no state income tax. The bill specifies the credit would apply to tax years starting after December 31, 2025, meaning it would take effect for 2026 tax filings. It establishes a concrete policy change by guaranteeing a direct cash payment to eligible families based on the number of qualifying children.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefundable child tax credit for low/middle-income families provides direct tax relief and government funding, advancing fiscal support for households.90% confidence

Sub-Topics Income Tax State Budget Tax Credits

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passed · Hawaii · Senate Dec 8, 2025

SB 697: RELATING TO AN INCOME TAX CREDIT.

Establishes a nonrefundable individual income tax credit for expenses paid to retrofit a residence with wind resistive devices. Requires the Department of Taxation to prepare forms. Requires the Department of Commerce and Consumer Affairs to pre-certify claims. Appropriates funds. Applies to taxable years beginning after 12/31/2025. Sunsets 1/1/2028. Effective 7/1/2050. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for wind retrofit expenses, appropriates funds, providing tax relief and fiscal support through state budget allocation.95% confidence

Sub-Topics Income Tax Tax Credits

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passed both · Hawaii · Senate Mar 20, 2026

SB 328: RELATING TO TAXATION.

SB 328 creates an income tax credit for dairy farmers who convert their operations to hog farming, covering capital infrastructure costs like building new barns or equipment. It directly affects dairy farm owners planning to switch to hog production. The credit allows eligible farmers to reduce their state income tax liability based on qualifying conversion expenses. The bill takes effect on July 1, 3000, as stated in the official abstract.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates targeted income tax credit for dairy-to-hog conversion, providing tax relief under taxation policy per explicit bill title and summary.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 1214: RELATING TO TAXATION.

HB 1214 proposes a tax credit for landlords who rent residential properties, allowing them to reduce their state income tax liability. This credit would directly affect landlords in rental housing, potentially lowering their tax burden. The bill's abstract specifies it establishes this credit but does not detail eligibility requirements for tenants or the credit amount. Currently, the bill is pending committee review for the 2026 legislative session.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax credit for landlords, reducing state tax revenue; aligns with 'tax breaks primarily for wealthy' oppose indicator without targeting lower-income groups.85% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 183: RELATING TO THE EARNED INCOME TAX CREDIT.

HB 183 would expand the state's Earned Income Tax Credit (EITC) by allowing qualifying low-income working parents to claim an additional credit if they have a dependent child under 18. This directly affects families with children in that age group who currently qualify for the base EITC but may not receive the full benefit. The key provision adds a specific credit amount tied to having a dependent under 18, increasing the total refundable credit available. The bill is currently pending in committee review and has not yet been enacted into law.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands EITC for low-income parents with children under 18, increasing refundable tax credits and providing direct tax relief to qualifying families.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · House Feb 2, 2026

HB 2525: RELATING TO TAXATION.

HB 2525 establishes a refundable state income tax credit for police officers who remain employed and reside in designated housing within the state. It directly affects eligible sworn police officers by providing them with a tax credit to offset housing costs. The bill's key mechanism is a state-funded tax credit that officers can claim on their income tax returns, reducing their overall tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit for police officers, reducing tax liability and funded by state budget, aligning with tax relief for public servants.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits

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in committee · Hawaii · House Feb 2, 2026

HB 2510: RELATING TO TAXATION.

HB 2510 creates an income tax credit for employers who provide paid family and medical leave to their employees. The bill directly affects businesses that offer this benefit, reducing their state income tax liability based on the leave provided. Key provisions establish a specific credit amount tied to the cost of providing paid leave, incentivizing employers to adopt such policies without mandating it. This policy change modifies tax incentives to encourage broader employer-sponsored leave coverage.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for employers offering paid leave, reducing state tax liability to incentivize policy adoption. Directly modifies tax incentives as a fiscal tool.95% confidence ✓ HealthcareSupports HealthcareIncentivizes employer-provided medical leave, improving access to healthcare services by reducing financial barriers for employees seeking treatment.85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes employers to provide paid family/medical leave, directly expanding worker benefits without mandating it.95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Paid Leave

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