SB2250

Report Title:

Tax Credit: Housecleaning for Elderly

 

Description:

Adds a tax credit of not more than $13,000 per year for housecleaning services for individuals aged one hundred or over, who are living independently.

THE SENATE	S.B. NO.	2250
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

A BILL FOR AN ACT

 

RELATING TO TAXATION.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§235-    Housecleaning services credit; elderly. (a) Each resident individual aged one hundred or older who is living independently, and who files an income tax return for a taxable year, and who is not claimed or is not otherwise eligible to be claimed as a dependent by another taxpayer for Hawaii state individual income tax purposes, may claim a housecleaning services credit for the cost of housecleaning services furnished to and paid by the resident individual against the resident taxpayer's individual income tax liability for the taxable year for which the individual income tax return is being filed.

(b) The amount of the credit shall not be more than $13,000 in any one taxable year.

(c) The tax credit claimed by a resident taxpayer pursuant to this section shall be deductible from the resident taxpayer's individual income tax liability, if any, for the tax year in which the credit is properly claimed. If the tax credit claimed by a resident taxpayer exceeds the amount of income tax payment due from the resident taxpayer, the excess of credit over payment due shall be refunded to the resident taxpayer; provided that the tax credit properly claimed by a resident individual who has no income tax liability shall be paid to the resident individual; and provided further that no refunds or payment on account of the tax credit allowed by this section shall be made for amounts less than $1.

(d) The director of taxation shall prepare forms that may be necessary to claim a credit under this section. The director may also require the taxpayer to furnish reasonable information in order that the director may ascertain the validity of the claim for credit made under this section. The director may adopt rules necessary to effectuate the purposes of this section pursuant to chapter 91.

(e) All claims for tax credits under this section, including any amended claims, shall be filed on or before the end of the twelfth month following the close of the taxable year for which the credits may be claimed. Failure to comply with the foregoing provision shall constitute a waiver of the right to claim the credit."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act, upon its approval, shall apply to taxable years beginning after December 31, 2002.

INTRODUCED BY:	_____________________________