Budget & Taxes (Tax Credits)

in committee · Hawaii · House Dec 8, 2025

HB 1143: RELATING TO A STATE HISTORIC PRESERVATION INCOME TAX CREDIT.

Reestablishes the Historic Preservation Income Tax Credit. Establishes a cap of the tax credit for each taxable year from 2025 to 2030. Sunsets 12/31/2030. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a tax credit for historic preservation, providing tax relief and aligning with tax policy support for incentivized projects.95% confidence

Sub-Topics Income Tax Tax Credits

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passed · Hawaii · Senate Dec 8, 2025

SB 376: RELATING TO TAX CREDITS.

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. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates nonrefundable income tax credit for home fire safety improvements, reducing taxpayer burden and aligning with tax relief policies.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · House Dec 8, 2025

HB 499: RELATING TO RESILIENCY.

Establishes the Food and Beverage Supply Chain Resiliency Income Tax Credit to be administered by the Department of Business, Economic Development, and Tourism and Department of Taxation. Requires DBEDT to establish expedited permitting processes for food and beverage supply chain activities. Applicable to taxable years beginning after 12/31/2025. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes tax credit for food/beverage supply chain, providing tax relief through fiscal incentives to businesses, aligning with tax policy support.92% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Hawaii · Senate Jan 28, 2026

SB 2582: RELATING TO TAXATION.

Amends the requirements for productions to qualify for the Motion Picture, Digital Media, and Film Production Income Tax to include completing at least fifteen per cent of the production's principal photography and post-production in the State within the same taxable year the production is qualifying for the Tax Credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill amends qualifications for film production tax credit, maintaining and adjusting tax incentive program to promote in-state economic activity within fiscal framework.95% confidence

Sub-Topics Income Tax Tax Credits

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signed · Hawaii · House Jul 7, 2026

HB 1576: RELATING TO FILMING.

Requires the Department of Business, Economic Development, and Tourism to provide public notice of certain information whenever a production obtains a permit or enters into a memorandum of agreement or understanding with DBEDT to film a visually recorded production at certain locations. Requires DBEDT to provide public notice of certain information whenever a production registers for pre-qualification or is determined to qualify for the Motion Picture, Digital Media, and Film Production Income Tax Credit and simultaneously post notice on a publicly accessible part of its website. Allows individuals to sign up to receive the public notice by electronic mail or postal mail. Provides an exemption for dispositions of lands set aside for filming and film studio operation from prior approval of the Board of Land and Natural Resources. (CD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes a film production tax credit, directly impacting tax policy and fiscal management per its summary and 'Tax Credit' subject.95% confidence

Sub-Topics Income Tax Tax Credits

in committee · Hawaii · Senate Dec 8, 2025

SB 567: RELATING TO TAXATION.

SB 567 establishes a state income tax credit for individuals who pay for medical travel expenses not covered by insurance. Eligible residents could reduce their income tax bill by the amount spent on qualifying travel, such as trips to specialists or treatment centers. The credit applies only to costs not reimbursed through insurance coverage. This policy directly affects people facing out-of-pocket transportation costs for medical care.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing income tax burden for medical travel costs, directly advancing tax relief for individuals facing out-of-pocket healthcare expenses.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for uninsured medical travel costs, reducing financial barriers to healthcare access and directly improving patient affordability for essential care.95% confidence

Sub-Topics Income Tax Tax Credits Insurance

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in committee · Hawaii · Senate Dec 8, 2025

SB 633: RELATING TO TAXATION.

Amends the environmental response, energy, and food security tax to address carbon emissions. Incrementally increases the tax rate over time. Establishes a refundable tax credit to mitigate the effect of a carbon emissions tax on lower-income taxpayers. Establishes and appropriates moneys into the carbon emissions tax and dividend special fund. Reenacts the agricultural development and food security special fund. Requires reports to the Legislature.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes refundable tax credit for lower-income taxpayers and funds carbon emissions tax/dividend special fund, aligning with fiscal responsibility and tax relief indicators.95% confidence ✓ EnergySupports EnergyImposes carbon emissions tax to reduce fossil fuel dependence, establishes carbon tax fund, and includes refundable credit for lower-income households aligning with clean energy transition policies.90% confidence ✓ EnvironmentSupports EnvironmentIncreases carbon tax to reduce emissions, creates carbon emissions tax fund for environmental response, and includes refundable credit to mitigate impact while advancing climate action.92% confidence

Sub-Topics Business Taxes State Budget Tax Credits Climate Change

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in committee · Hawaii · House Feb 18, 2026

HB 1617: RELATING TO TAXATION.

Reestablishes the Agricultural Development and Food Security Special Fund. Renames the Environmental Response, Energy, and Food Security Tax, also known as the barrel tax, as the Environmental Response, Energy, Carbon Emissions, and Food Security Tax; gradually increases barrel tax rates; and allocates portions of barrel tax revenues to the Agricultural Development and Food Security Special Fund, Carbon Emissions Tax and Dividend Special Fund, Airport Revenue Fund, and Boating Special Fund. Establishes a refundable Carbon Cashback Tax Credit and appropriates funds to the Department of Taxation to administer the tax credit. Establishes the Carbon Emissions Tax and Dividend Special Fund to be used in the administration of the barrel tax and Carbon Cashback Tax Credit and for public awareness of the Carbon Cashback Tax Credit. Requires the Department of Taxation to submit reports to the Legislature. Effective 7/1/3000. (HD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new carbon tax with refundable credit for most taxpayers, increasing taxes while offsetting impacts, aligning with fiscal responsibility and funding environmental programs.90% confidence ✓ EnergySupports EnergyImposes carbon emissions tax to reduce fossil fuel reliance, provides tax credit to offset costs, directly advances clean energy transition through emissions pricing.95% confidence ✓ EnvironmentSupports EnvironmentImposes carbon emissions tax with refundable credit to reduce emissions while offsetting taxpayer burden; establishes dedicated funds for environmental response and carbon management.95% confidence

Sub-Topics Business Taxes State Budget Tax Credits Climate Change

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in committee · Hawaii · House Feb 13, 2026

HB 2028: RELATING TO LABOR DAY.

HB 2028 establishes a nonrefundable tax credit for employers who provide a paid Labor Day holiday to construction workers. This policy directly affects construction employers (who may claim the credit) and construction workers (who receive a paid holiday). The key provision requires employers to grant a paid holiday on Labor Day to qualify for the tax credit, which is effective July 1, 3000. The bill passed committee in February 2026 with amendments but does not change existing Labor Day holiday requirements for other workers.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes refundable tax credit for employers providing paid Labor Day to construction workers, directly providing tax relief aligned with fiscal support for middle-income workers.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill creates tax credit for employers providing paid Labor Day holiday to construction workers, expanding worker benefits and advancing compensation standards.95% confidence

Sub-Topics Tax Credits Labor Standards

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passed · Hawaii · Senate Dec 8, 2025

SB 13: RELATING TO THE AQUACULTURE INVESTMENT TAX CREDIT.

For taxable years beginning after 12/31/2025, establishes a 5-year aquaculture investment tax credit for taxpayers that incur qualifying investment costs relating to qualified aquaculture businesses. Takes effect 7/1/2050. (SD1)

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates a tax credit for aquaculture businesses, reducing taxable income and incentivizing investment - a direct fiscal policy tool advancing tax incentive programs.95% confidence

Sub-Topics Tax Credits

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