HOUSE OF REPRESENTATIVES	H.B. NO.	2137
TWENTY-EIGHTH LEGISLATURE, 2016
STATE OF HAWAII

A BILL FOR AN ACT

relating to taxation.

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

     SECTION 1.  Section 235-51, Hawaii Revised Statutes, is amended by amending subsections (a), (b), and (c) to read as follows:

"(a)  There is hereby imposed on the taxable income of (1) every taxpayer who files a joint return under section 235-93; and (2) every surviving spouse a tax determined in accordance with the following table:

     In the case of any taxable year beginning after December 31, 2001:

          If the taxable income is:    The tax shall be:

          Not over $4,000              1.40% of taxable income

          Over $4,000 but              $56.00 plus 3.20% of

            not over $8,000              excess over $4,000

          Over $8,000 but              $184.00 plus 5.50% of

            not over $16,000             excess over $8,000

          Over $16,000 but             $624.00 plus 6.40% of

            not over $24,000             excess over $16,000

          Over $24,000 but             $1,136.00 plus 6.80% of

            not over $32,000             excess over $24,000

          Over $32,000 but             $1,680.00 plus 7.20% of

            not over $40,000             excess over $32,000

          Over $40,000 but             $2,256.00 plus 7.60% of

            not over $60,000             excess over $40,000

          Over $60,000 but             $3,776.00 plus 7.90% of

            not over $80,000             excess over $60,000

          Over $80,000                 $5,356.00 plus 8.25% of

                                         excess over $80,000.

     In the case of any taxable year beginning after December 31, 2006:

          If the taxable income is:    The tax shall be:

          Not over $4,800              1.40% of taxable income

          Over $4,800 but              $67.00 plus 3.20% of

            not over $9,600              excess over $4,800

          Over $9,600 but              $221.00 plus 5.50% of

            not over $19,200             excess over $9,600

          Over $19,200 but             $749.00 plus 6.40% of

            not over $28,800             excess over $19,200

          Over $28,800 but             $1,363.00 plus 6.80% of

            not over $38,400             excess over $28,800

          Over $38,400 but             $2,016.00 plus 7.20% of

            not over $48,000             excess over $38,400

          Over $48,000 but             $2,707.00 plus 7.60% of

            not over $72,000             excess over $48,000

          Over $72,000 but             $4,531.00 plus 7.90% of

            not over $96,000             excess over $72,000

          Over $96,000                 $6,427.00 plus 8.25% of

                                         excess over $96,000.

In the case of any taxable year beginning after December 31, 2015:

If the taxable income is: The tax shall be:

Not over $19,200 5.50% of taxable income

Over $19,200 but $1,056.00 plus 6.40% of

not over $28,800 excess over $19,200

Over $28,800 but $1,670.00 plus 6.80% of

not over $38,400 excess over $28,800

Over $38,400 but $2,323.00 plus 7.20% of

not over $48,000 excess over $38,400

Over $48,000 but $3,014.00 plus 7.60% of

not over $72,000 excess over $48,000

Over $72,000 but $4,838.00 plus 7.90% of

not over $96,000 excess over $72,000

Over $96,000 but $6,734.00 plus 8.25% of

not over $300,000 excess over $96,000

Over $300,000 but $23,564.00 plus 9.00% of

not over $350,000 excess over $300,000

Over $350,000 but $28,064.00 plus 10.00% of

not over $400,000 excess over $350,000

Over $400,0000 $33,064.00 plus 11.00% of

excess over $400,000.

(b)  There is hereby imposed on the taxable income of every head of a household a tax determined in accordance with the following table:

     In the case of any taxable year beginning after December 31, 2001:

          If the taxable income is:    The tax shall be:

          Not over $3,000              1.40% of taxable income

          Over $3,000 but              $42.00 plus 3.20% of

            not over $6,000              excess over $3,000

          Over $6,000 but              $138.00 plus 5.50% of

            not over $12,000             excess over $6,000

          Over $12,000 but             $468.00 plus 6.40% of

            not over $18,000             excess over $12,000

          Over $18,000 but             $852.00 plus 6.80% of

            not over $24,000             excess over $18,000

          Over $24,000 but             $1,260.00 plus 7.20% of

            not over $30,000             excess over $24,000

          Over $30,000 but             $1,692.00 plus 7.60% of

            not over $45,000             excess over $30,000

          Over $45,000 but             $2,832.00 plus 7.90% of

            not over $60,000             excess over $45,000

          Over $60,000                 $4,017.00 plus 8.25% of

                                         excess over $60,000.

     In the case of any taxable year beginning after December 31, 2006:

          If the taxable income is:    The tax shall be:

          Not over $3,600              1.40% of taxable income

          Over $3,600 but              $50.00 plus 3.20% of

            not over $7,200              excess over $3,600

          Over $7,200 but              $166.00 plus 5.50% of

            not over $14,400             excess over $7,200

          Over $14,400 but             $562.00 plus 6.40% of

            not over $21,600             excess over $14,400

          Over $21,600 but             $1,022.00 plus 6.80% of

            not over $28,800            excess over $21,600

          Over $28,800 but             $1,512.00 plus 7.20% of

            not over $36,000             excess over $28,800

          Over $36,000 but             $2,030.00 plus 7.60% of

            not over $54,000             excess over $36,000

          Over $54,000 but             $3,398.00 plus 7.90% of

            not over $72,000             excess over $54,000

          Over $72,000                 $4,820.00 plus 8.25% of

                                        excess over $72,000.

In the case of any taxable year beginning after December 31, 2015:

If the taxable income is: The tax shall be:

Not over $14,400 5.50% of taxable income

Over $14,400 but $792.00 plus 6.40% of

not over $21,600 excess over $14,400

Over $21,600 but $1,253.00 plus 6.80% of

not over $28,800 excess over $21,600

Over $28,800 but $1,743.00 plus 7.20% of

not over $36,000 excess over $28,800

Over $36,000 but $2,261.00 plus 7.60% of

not over $54,000 excess over $36,000

Over $54,000 but $3,629.00 plus 7.90% of

not over $72,000 excess over $54,000

Over $72,000 but $5,051.00 plus 8.25% of

not over $225,000 excess over $72,000

Over $225,000 but $17,674.00 plus 9.00% of

not over $262,500 excess over $225,000

Over $262,500 but $21,049.00 plus 10.00% of

not over $300,000 excess over $262,500

Over $300,000 $24,799.00 plus 11.00% of

excess over $300,000.

(c)  There is hereby imposed on the taxable income of (1) every unmarried individual (other than a surviving spouse, or the head of a household) and (2) on the taxable income of every married individual who does not make a single return jointly with the individual's spouse under section 235-93 a tax determined in accordance with the following table:

     In the case of any taxable year beginning after December 31, 2001:

          If the taxable income is:    The tax shall be:

          Not over $2,000              1.40% of taxable income

          Over $2,000 but              $28.00 plus 3.20% of

            not over $4,000              excess over $2,000

          Over $4,000 but              $92.00 plus 5.50% of

            not over $8,000              excess over $4,000

          Over $8,000 but              $312.00 plus 6.40% of

            not over $12,000             excess over $8,000

          Over $12,000 but             $568.00 plus 6.80% of

            not over $16,000             excess over $12,000

          Over $16,000 but             $840.00 plus 7.20% of

            not over $20,000             excess over $16,000

          Over $20,000 but             $1,128.00 plus 7.60% of

            not over $30,000             excess over $20,000

          Over $30,000 but             $1,888.00 plus 7.90% of

            not over $40,000             excess over $30,000

          Over $40,000                 $2,678.00 plus 8.25% of

                                         excess over $40,000.

     In the case of any taxable year beginning after December 31, 2006:

          If the taxable income is:    The tax shall be:

          Not over $2,400              1.40% of taxable income

          Over $2,400 but              $34.00 plus 3.20% of

            not over $4,800              excess over $2,400

          Over $4,800 but              $110.00 plus 5.50% of

            not over $9,600              excess over $4,800

          Over $9,600 but              $374.00 plus 6.40% of

            not over $14,400             excess over $9,600

          Over $14,400 but             $682.00 plus 6.80% of

            not over $19,200             excess over $14,400

          Over $19,200 but             $1,008.00 plus 7.20% of

            not over $24,000             excess over $19,200

          Over $24,000 but             $1,354.00 plus 7.60% of

            not over $36,000             excess over $24,000

          Over $36,000 but             $2,266.00 plus 7.90% of

            not over $48,000             excess over $36,000

          Over $48,000                 $3,214.00 plus 8.25% of

                                         excess over $48,000.

In the case of any taxable year beginning after December 31, 2015:

If the taxable income is: The tax shall be:

Not over $9,600 5.50% of taxable income

Over $9,600 but $528.00 plus 6.40% of

not over $14,400 excess over $9,600

Over $14,400 but $835.00 plus 6.80% of

not over $19,200 excess over $14,400

Over $19,200 but $1,161.00 plus 7.20% of

not over $24,000 excess over $19,200

Over $24,000 but $1,507.00 plus 7.60% of

not over $36,000 excess over $24,000

Over $36,000 but $2,419.00 plus 7.90% of

not over $48,000 excess over $36,000

Over $48,000 but $3,367.00 plus 8.25% of

not over $150,000 excess over $48,000

Over $150,000 but $11,782.00 plus 9.00% of

not over $175,000 excess over $150,000

Over $175,000 but $14,032.00 plus 10.00% of

not over $200,000 excess over $175,000

Over $200,000 $16,532.00 plus 11.00% of

excess over $200,000."

     SECTION 2.  New statutory material is underscored.

     SECTION 3.  This Act, upon its approval, shall apply to taxable years beginning after December 31, 2015.

INTRODUCED BY:

_____________________________

Report Title:

Taxation; Income Tax Rates

Description:

Changes income tax rates after 12/31/2015.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.