Budget & Taxes (Tax Credits)

passed · Hawaii · House Dec 8, 2025

HB 949: RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.

Clarifies that a partner or member that is a partnership or limited liability company that has been allocated a low-income housing tax credit may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any person. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, from 12/31/2027 to 12/31/2032. Effective 7/1/3000. (HD2)

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends low-income housing tax credit sunset, ensuring continued tax incentives for affordable housing funding and program stability.92% confidence ✓ HousingSupports HousingExtends LIHTC program duration, enabling continued tax incentives for affordable housing development, aligning with supportive indicators.90% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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passed · Hawaii · Senate Dec 8, 2025

SB 138: RELATING TO TAXATION.

Establishes a nonrefundable income tax credit for taxpayers that incur costs related to the design, materials, installation, and construction of hurricane-resistant safe rooms. Effective 7/1/2077. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit reducing taxpayer liability, providing direct tax relief per fiscal policy indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · Senate Dec 8, 2025

SB 704: RELATING TO THE EARNED INCOME TAX CREDIT.

Permanently increases the state earned income tax credit to fifty per cent of the federal earned income tax credit. Applies to taxable years beginning after 12/31/2024.

Topics ✓ Budget & TaxesSupports Budget & TaxesPermanently increases state EITC to 50% of federal credit, providing tax relief for low-income earners per bill's explicit language.95% confidence

Sub-Topics Income Tax Tax Credits

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passed · Hawaii · Senate Dec 8, 2025

SB 1562: RELATING TO AGRICULTURE.

Establishes the Combined Housing Operational Agriculture Mobilization Program to assist bona fide farmers to live and farm on agricultural lands. For taxable years beginning 1/1/2026, establishes a tax credit for land donated to the Program. Appropriates funds. Effective 7/1/2050. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for land donations to agricultural program and appropriates funds, providing tax relief and funding for farming housing initiative.90% confidence

Sub-Topics Tax Credits

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passed · Hawaii · House Mar 12, 2026

HB 2444: RELATING TO TAXATION.

HB 2444 increases the state tax credit available to low-income household renters, raising the amount from $50 to $100 for each tax exemption claimed by the taxpayer. This change directly affects renters who qualify as low-income and claim tax exemptions, providing them with greater financial relief through their state tax return. The key provision is the specific dollar amount increase per exemption, making the credit more substantial for eligible households. The bill does not alter eligibility criteria or introduce new administrative requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for low-income renters, providing direct fiscal relief through higher state tax credit per exemption.95% confidence ✓ HousingSupports HousingIncreases tax credit for low-income renters from $50 to $100, directly enhancing housing affordability and financial relief for eligible households.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Property Taxes Renters

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signed · Hawaii · Senate Jul 15, 2026

SB 2600: RELATING TO THE GENERAL FUND.

This bill directs a specific amount of money from the state's General Fund into the Emergency and Budget Reserve Fund. The transfer is required by Article VII, Section 6 of the Hawaii State Constitution, which mandates these deposits to help stabilize the state's finances during economic downturns. The measure does not create new spending or alter existing programs but rather moves existing funds to a reserve account. It affects the state's overall budget management by ensuring that money is set aside for future financial needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit to taxpayers and funds emergency/budget reserve trusts, advancing fiscal responsibility and tax relief per constitutional provisions.90% confidence

Sub-Topics State Budget Tax Credits

in committee · Hawaii · House Feb 4, 2026

HB 1547: RELATING TO HEALTH SAVINGS ACCOUNTS.

For taxable years beginning 1/1/2026, establishes a tiered nonrefundable tax credit for qualified taxpayer insurers that offer one or more federally qualified health savings account‑eligible high deductible health plans in the State, under certain conditions, and increasing the tax credit to incentivize more plans being written in rural medically underserved areas of the State. Requires qualified taxpayer insurers to match up to a certain amount of a policyholder's first-time contribution into a health savings account. Sunsets 12/31/2030.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for insurers offering HSA-eligible plans, incentivizing rural coverage through fiscal policy (tax credit increases).90% confidence ✓ HealthcareSupports HealthcareIncentivizes HSA-eligible plans in rural underserved areas via tax credits, expanding coverage access and targeting medically underserved regions.90% confidence

Sub-Topics Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 1375: RELATING TO TAXATION OF POLLUTION.

Amends the environmental response, energy, and food security tax to address carbon emissions. Incrementally increases the tax rate over time. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on taxpayers. Reenacts the agricultural development and food security special fund. Requires reports to the Legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends pollution tax with incremental rate increase and refundable credit to offset burden, reenacts agricultural fund for fiscal responsibility.95% confidence ✓ EnergySupports EnergyCarbon emissions tax directly incentivizes cleaner energy adoption and reduces fossil fuel dependence per bill's focus on addressing carbon emissions.95% confidence ✓ EnvironmentSupports EnvironmentImposes incremental carbon tax to reduce emissions, with tax credit to offset burden. Directly targets environmental protection through pricing mechanism.95% confidence

Sub-Topics Tax Credits Climate Change

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in committee · Hawaii · House Dec 8, 2025

HB 760: RELATING TO TAXATION.

Reenacts the agricultural development and food security special fund. Establishes and appropriates moneys into the carbon emissions tax and dividend special fund. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on taxpayers. Amends the environmental response, energy, and food security tax by taxing fossil fuels based on their emissions. Requires reports to the Legislature. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes carbon emissions tax with refundable tax credit to mitigate taxpayer burden, funds special funds for environmental response and food security, aligning with fiscal responsibility and tax relief indicators.95% confidence ✓ EnergySupports EnergyTaxing fossil fuels by emissions and establishing carbon tax/dividend fund directly reduces fossil fuel reliance, aligning with clean energy promotion indicators.90% confidence ✓ EnvironmentSupports EnvironmentBill establishes carbon emissions tax on fossil fuels, creates carbon tax/dividend fund, and amends environmental response tax to reduce emissions per subject descriptions.95% confidence

Sub-Topics Business Taxes State Budget Tax Credits Climate Change

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in committee · Hawaii · House Dec 8, 2025

HB 1261: RELATING TO TAXATION.

Establishes a tax credit for landlords who charge below-market rent and assesses an additional privilege tax on landowners who charge above-market rent, under certain conditions. Requires the Hawaii Housing Finance and Development Corporation to determine median market rent for rental units by geographic area for the purposes of the below-market rent tax credit and above-market rent tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for below-market rent and additional tax on above-market rent, promoting housing affordability through targeted taxation and fiscal management.90% confidence ✓ HousingSupports HousingTax credit for below-market rent directly increases affordable housing access; above-market rent tax penalizes excessive pricing, strengthening tenant protections and aligning with housing affordability goals.92% confidence

Sub-Topics Tax Credits Housing Finance Property Taxes Renters

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