RELATING TO TAXATION.

HB 574 would create a $3,000 income tax credit for retired Hawaii National Guard service members, directly reducing their state tax liability. The bill provides this credit as a specific policy change to support veterans who served in the state's National Guard. It does not alter tax rates or create new obligations but offers a concrete financial benefit to eligible retired members. The legislation is currently pending in the 2026 session after being carried over from 2025.