HOUSE OF REPRESENTATIVES

H.B. NO.

2780

THIRTY-SECOND LEGISLATURE, 2024

H.D. 1

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 every:

     (1)  Taxpayer who files a joint return under section 235‑93; and

     (2)  Surviving spouse,

a tax determined in accordance with the following table:

     [In the case of any taxable year beginning after December 31, 2017:

          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 but             $6,427.00 plus 8.25% of

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

          Over $300,000 but             $23,257.00 plus 9.00% of

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

          Over $350,000 but             $27,757.00 plus 10.00% of

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

          Over $400,000                $32,757.00 plus 11.00% of

                                         excess over $400,000.]

     In the case of any taxable year beginning after December 31, 2026:

          If the taxable income is:     The tax shall be:

          Not over $19,200             1.40% of taxable income

          Over $19,200 but             $269.00 plus 3.20% of

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

          Over $28,800 but             $576.00 plus 5.50% of

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

          Over $38,400 but             $1,104.00 plus 6.40% of

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

          Over $48,000 but             $1,718.00 plus 6.80% of

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

          Over $72,000 but             $3,350.00 plus 7.20% of

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

          Over $96,000 but             $5,078.00 plus 7.60% of

            not over $250,000             excess over $96,000

          Over $250,000 but             $16,782.00 plus 7.90% of

            not over $350,000             excess over $250,000

          Over $350,000 but             $24,682.00 plus 8.25% of

            not over $450,000             excess over $350,000

          Over $450,000 but             $32,932.00 plus 9.00% of

            not over $550,000             excess over $450,000

          Over $550,000 but             $41,932.00 plus 10.00% of

            not over $650,000             excess over $550,000

          Over $650,000                $51,932.00 plus 11.00% of

                                         excess over $600,000.

     In the case of any taxable year beginning after December 31, 2028:

          If the taxable income is:     The tax shall be:

          Not over $28,800             1.40% of taxable income

          Over $28,800 but             $403.00 plus 3.20% of

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

          Over $38,400 but             $710.00 plus 5.50% of

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

          Over $48,000 but             $1,238.00 plus 6.40% of

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

          Over $72,000 but             $2,774.00 plus 6.80% of

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

          Over $96,000 but             $4,406.00 plus 7.20% of

            not over $250,000             excess over $96,000

          Over $250,000 but             $15,494.00 plus 7.60% of

            not over $350,000             excess over $250,000

          Over $350,000 but             $23,094.00 plus 7.90% of

            not over $450,000             excess over $350,000

          Over $450,000 but             $30,994.00 plus 8.25% of

            not over $550,000             excess over $450,000

          Over $550,000 but             $39,224.00 plus 9.00% of

            not over $650,000             excess over $550,000

          Over $650,000 but             $48,224.00 plus 10.00% of

            not over $800,000             excess over $650,000

          Over $800,000                $63,224.00 plus 11.00% of

                                         excess over $800,000.

     In the case of any taxable year beginning after December 31, 2030:

          If the taxable income is:     The tax shall be:

          Not over $38,400             1.40% of taxable income

          Over $38,400 but             $538.00 plus 3.20% of

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

          Over $48,000 but             $845.00 plus 5.50% of

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

          Over $72,000 but             $2,165.00 plus 6.40% of

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

          Over $96,000 but             $3,701.00 plus 6.80% of

            not over $250,000             excess over $96,000

          Over $250,000 but             $14,173.00 plus 7.20% of

            not over $350,000             excess over $250,000

          Over $350,000 but             $21,373.00 plus 7.60% of

            not over $450,000             excess over $350,000

          Over $450,000 but             $28,973.00 plus 7.90% of

            not over $550,000             excess over $450,000

          Over $550,000 but             $36,873.00 plus 8.25% of

            not over $650,000             excess over $550,000

          Over $650,000 but             $45,123.00 plus 9.00% of

            not over $800,000             excess over $650,000

          Over $800,000 but             $58,623.00 plus 10.00% of

            not over $950,000             excess over $800,000

          Over $950,000                $73,623.00 plus 11.00% of

                                         excess over $950,000.

     (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, 2017:

          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 but             $4,820.00 plus 8.25% of

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

          Over $225,000 but             $17,443.00 plus 9.00% of

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

          Over $262,500 but             $20,818.00 plus 10.00% of

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

          Over $300,000                $24,568.00 plus 11.00% of

                                         excess over $300,000.]

     In the case of any taxable year beginning after December 31, 2026:

          If the taxable income is:     The tax shall be:

          Not over $19,200             1.40% of taxable income

          Over $19,200 but             $269.00 plus 3.20% of

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

          Over $28,800 but             $576.00 plus 5.50% of

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

          Over $38,400 but             $1,104.00 plus 6.40% of

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

          Over $48,000 but             $1,718.00 plus 6.80% of

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

          Over $72,000 but             $3,350.00 plus 7.20% of

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

          Over $96,000 but             $5,078.00 plus 7.60% of

            not over $250,000             excess over $96,000

          Over $250,000 but             $16,782.00 plus 7.90% of

            not over $350,000             excess over $250,000

          Over $350,000 but             $24,682.00 plus 8.25% of

            not over $450,000             excess over $350,000

          Over $450,000 but             $32,932.00 plus 9.00% of

            not over $550,000             excess over $450,000

          Over $550,000 but             $41,932.00 plus 10.00% of

            not over $650,000             excess over $550,000

          Over $650,000                $51,932.00 plus 11.00% of

                                         excess over $650,000.

     In the case of any taxable year beginning after December 31, 2028:

          If the taxable income is:     The tax shall be:

          Not over $21,600             1.40% of taxable income

          Over $21,600 but             $302.00 plus 3.20% of

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

          Over $28,800 but             $532.00 plus 5.50% of

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

          Over $36,000 but             $928.00 plus 6.40% of

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

          Over $54,000 but             $2,080.00 plus 6.80% of

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

          Over $72,000 but             $3,304.00 plus 7.20% of

            not over $187,500             excess over $72,000

          Over $187,500 but             $11,620.00 plus 7.60% of

            not over $262,500             excess over $187,500

          Over $262,500 but             $17,320.00 plus 7.90% of

            not over $337,500             excess over $262,500

          Over $337,500 but             $23,245.00 plus 8.25% of

            not over $412,500             excess over $337,500

          Over $412,500 but             $29,432.00 plus 9.00% of

            not over $487,500             excess over $412,500

          Over $487,500 but             $36,182.00 plus 10.00% of

            not over $600,000             excess over $487,500

          Over $600,000                $47,432.00 plus 11.00% of

                                         excess over $600,000.

     In the case of any taxable year beginning after December 31, 2030:

          If the taxable income is:     The tax shall be:

          Not over $28,800             1.40% of taxable income

          Over $28,800 but             $403.00 plus 3.20% of

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

          Over $36,000 but             $633.00 plus 5.50% of

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

          Over $54,000 but             $1,623.00 plus 6.40% of

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

          Over $72,000 but             $2,775.00 plus 6.80% of

            not over $187,500             excess over $72,000

          Over $187,500 but             $10,629.00 plus 7.20% of

            not over $262,500             excess over $187,500

          Over $262,500 but             $16,029.00 plus 7.60% of

            not over $337,500             excess over $262,500

          Over $337,500 but             $21,729.00 plus 7.90% of

            not over $412,500             excess over $337,500

          Over $412,500 but             $27,654.00 plus 8.25% of

            not over $487,500             excess over $412,500

          Over $487,500 but             $33,842.00 plus 9.00% of

            not over $600,000             excess over $487,500

          Over $600,000 but             $43,967.00 plus 10.00% of

            not over $712,500             excess over $600,000

          Over $712,500                $55,217.00 plus 11.00% of

                                         excess over $712,500.

     (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, 2017:

          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 but             $3,214.00 plus 8.25% of

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

          Over $150,000 but             $11,629.00 plus 9.00% of

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

          Over $175,000 but             $13,879.00 plus 10.00% of

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

          Over $200,000                $16,379.00 plus 11.00% of

                                         excess over $200,000.]

     In the case of any taxable year beginning after December 31, 2026:

          If the taxable income is:     The tax shall be:

          Not over $9,600              1.40% of taxable income

          Over $9,600 but              $134.00 plus 3.20% of

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

          Over $14,400 but             $288.00 plus 5.50% of

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

          Over $19,200 but             $552.00 plus 6.40% of

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

          Over $24,000 but             $859.00 plus 6.80% of

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

          Over $36,000 but             $1,675.00 plus 7.20% of

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

          Over $48,000 but             $2,539.00 plus 7.60% of

            not over $125,000             excess over $48,000

          Over $125,000 but             $8,391.00 plus 7.90% of

            not over $175,000             excess over $125,000

          Over $175,000 but             $12,341.00 plus 8.25% of

            not over $225,000             excess over $175,000

          Over $225,000 but             $16,466.00 plus 9.00% of

            not over $275,000             excess over $225,000

          Over $275,000 but             $20,966.00 plus 10.00% of

            not over $325,000             excess over $275,000

          Over $325,000                $25,966.00 plus 11.00% of

                                         excess over $325,000.

     In the case of any taxable year beginning after December 31, 2028:

          If the taxable income is:     The tax shall be:

          Not over $14,400             1.40% of taxable income

          Over $14,400 but             $202.00 plus 3.20% of

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

          Over $19,200 but             $356.00 plus 5.50% of

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

          Over $24,000 but             $620.00 plus 6.40% of

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

          Over $36,000 but             $1,388.00 plus 6.80% of

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

          Over $48,000 but             $2,204.00 plus 7.20% of

            not over $125,000             excess over $48,000

          Over $125,000 but             $7,748.00 plus 7.60% of

            not over $175,000             excess over $125,000

          Over $175,000 but             $11,548.00 plus 7.90% of

            not over $225,000             excess over $175,000

          Over $225,000 but             $15,498.00 plus 8.25% of

            not over $275,000             excess over $225,000

          Over $275,000 but             $19,623.00 plus 9.00% of

            not over $325,000             excess over $275,000

          Over $325,000 but             $24,123.00 plus 10.00% of

            not over $400,000             excess over $325,000

          Over $400,000                $31,623.00 plus 11.00% of

                                         excess over $400,000.

     In the case of any taxable year beginning after December 31, 2030:

          If the taxable income is:     The tax shall be:

          Not over $19,200             1.40% of taxable income

          Over $19,200 but             $269.00 plus 3.20% of

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

          Over $24,000 but             $423.00 plus 5.50% of

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

          Over $36,000 but             $1,083.00 plus 6.40% of

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

          Over $48,000 but             $1,851.00 plus 6.80% of

            not over $125,000             excess over $48,000

          Over $125,000 but             $7,087.00 plus 7.20% of

            not over $175,000            excess over $125,000

          Over $175,000 but             $10,687.00 plus 7.60% of

            not over $225,000             excess over $175,000

          Over $225,000 but             $14,487.00 plus 7.90% of

            not over $275,000             excess over $225,000

          Over $275,000 but             $18,437.00 plus 8.25% of

            not over $325,000             excess over $275,000

          Over $325,000 but             $22,562.00 plus 9.00% of

            not over $400,000             excess over $325,000

          Over $400,000 but             $29,312.00 plus 10.00% of

            not over $475,000             excess over $400,000

          Over $475,000                $36,812.00 plus 11.00% of

                                         excess over $475,000."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect on January 1, 3000, and shall apply to taxable years beginning after December 31, 2026.

 


 

Report Title:

Income Tax; Rates; Taxation; Incremental Relief

 

Description:

Incrementally amends income tax rates for every other taxable year beginning after 12/31/2026.  Effective 1/1/3000.  (HD1)

 

 

 

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