HawaiiRELATING TO TAX CREDITS.
What it does
Establishes a nonrefundable income tax credit for taxpayers who construct or install improvements to their residence that increase the residence's fire safety rating as calculated by the taxpayer's homeowner's insurance policy. Applies to taxable years beginning after 12/31/2025. Effective 7/1/2077.
More detail
(SD1)
Where do you stand?
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 14Reported from PSM/CPN (Stand. Com. Rep. No. 550) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
- Feb 14Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
- Feb 5The committee(s) on PSM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in PSM were as follows: 4 Aye(s): Senator(s) Elefante, Wakai, Fukunaga, DeCorte; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads.Minor
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Vote recorded The committee(s) on PSM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 5The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.Minor
- Jan 31The committee(s) on PSM/CPN has scheduled a public hearing on 02-05-25 9:30AM; Conference Room 229 & Videoconference.
- Jan 21Referred to PSM/CPN, WAM.Minor
- Jan 15Introduced and passed First Reading.Minor
- Jan 14Pending Introduction.Introduced