REPORT TITLE:
Tax Credits; Parents in Schs.


DESCRIPTION:
Provides tax credits for parents who assist at their child's
school.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           551
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO TAXATION.
 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Chapter 235, Hawaii Revised Statutes, is amended
 
 2 by adding a new section to be appropriately designated and to
 
 3 read as follows:
 
 4      "§235-     Tax credits to promote parental involvement in
 
 5 the schools.  (a)  Any taxpayer who files an individual resident
 
 6 income tax return for a taxable year may claim an income tax
 
 7 credit under this section against the Hawaii state individual net
 
 8 income tax.
 
 9      (b)  The tax credit shall be $   ; provided that the
 
10 taxpayer is actively involved in the education of the taxpayer's
 
11 child or children by volunteering to serve as a teaching
 
12 assistant, counselor, or by providing general help to the school
 
13 in the taxable year for which the credit is properly claimed; and
 
14 provided further that the taxpayer can provide verification by
 
15 the school of a minimum of       hours of suitable volunteer
 
16 work.
 
17      (c)  If the tax credit claimed by the taxpayer under this
 
18 section exceeds the amount of the income tax payments due from
 
19 the taxpayer, the excess of credit over payments due shall be
 

 
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                                     S.B. NO.           551
                                                        
                                                        

 
 1 refunded to the taxpayer; provided that the tax credit properly
 
 2 claimed by a taxpayer who has no income tax liability shall be
 
 3 paid to the taxpayer; and provided that no refunds or payments on
 
 4 account of the tax credit allowed by this section shall be made
 
 5 for amounts less than $1.
 
 6      (d)  The director of taxation shall prepare forms that may
 
 7 be necessary to claim a credit under this section, may require
 
 8 proof of the claim for the tax credit, and may adopt rules
 
 9 pursuant to chapter 91.
 
10      (e)  All of the provisions relating to assessments and
 
11 refunds under this chapter and under section 231-23(c)(1) shall
 
12 apply to the tax credit under this section.
 
13      (f)  Claims for the tax credit under this section, including
 
14 any amended claims, shall be filed on or before the end of the
 
15 twelfth month following the taxable year for which the credit may
 
16 be claimed."
 
17      SECTION 2.  New statutory material is underscored.
 
18      SECTION 3.  This Act, upon its approval, shall apply to
 
19 taxable years beginning after December 31, 1999.
 
20 
 
21                           INTRODUCED BY:  _______________________