Report Title:
Income Tax Credit for Low-income Household Renters
Description:
Extends the claiming period for the low-income household renters tax credit from twelve to thirty-six months.
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THE SENATE |
S.B. NO. |
2013 |
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TWENTY-THIRD LEGISLATURE, 2006 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to income tax credits.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.7, Hawaii Revised Statutes, is amended by amending subsection (h) to read as follows:
"(h) Claims for tax credits under this section, including any amended claims thereof, shall be filed on or before the end of the [twelfth] thirty-sixth month following the taxable year for which the credit may be claimed."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval and shall apply to taxable years beginning after December 31, 2005.
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INTRODUCED BY: |
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