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THE SENATE |
S.C.R. NO. |
149 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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SENATE CONCURRENT
RESOLUTION
encouraging the legislature to re-evaluate the MAXIMUM claimable amount of the low-income household renters tax credit PER TAXPAYER in order to address the shortage of affordable rental units for low-income households.
WHEREAS, the State is experiencing a housing crisis, with a severe lack of affordable housing and rental units for residents, particularly for low- and moderate-income residents; and
WHEREAS, according to the United States Department of Housing and Urban Development, as of 2018, in Honolulu, a single person making $65,350 and a family of four making $93,300 are considered low-income; and
WHEREAS, a single person making $40,850 and a family of four making $58,300 are now considered very low-income; and
WHEREAS, under existing law, a taxpayer with an adjusted gross income of less than $30,000 is considered low-income for purposes of claiming a low-income household renters tax credit; and
WHEREAS, the low-income household renters tax credit was established to assist many of Hawaii's low- and moderate-income families with the high cost of rent in the State; and
WHEREAS, the low-income household renters tax credit amount has not been changed since 1981, and the adjusted gross income ceiling has not been adjusted since 1989; and
WHEREAS, existing law needs to be updated in order to address the stark difference in income levels from the 1980s to recent years; now, therefore,
BE IT RESOLVED by the Senate of the Thirtieth Legislature of the State of Hawaii, Regular Session of 2019, the House of Representatives concurring, that the Legislature is encouraged to re-evaluate the maximum claimable amount of the low-income household renters tax credit per taxpayer in order to address the shortage of affordable rental units for low-income households; and
BE IT FURTHER RESOLVED that certified copies of this Concurrent Resolution be transmitted to the President of the Senate and Speaker of the House of Representatives.
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OFFERED BY: |
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Affordable Rentals; Low-income Households; Low-income Household Renters Tax Credit