SB2525

Report Title:

Tax Credit; Child Passenger Restraint Systems

 

Description:

Raises the child passenger restraint tax credit from $25 to $50 and expands the credit to include booster seats.

THE SENATE	S.B. NO.	2525
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. Section 235-15, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) The tax credit shall be [$25;] $50; provided that the taxpayer purchases one or more new child passenger restraint systems in the tax year for which the credit is properly claimed; and provided that such restraint system can be shown to be in substantial conformity with specifications for such restraint systems set forth by the federal motor vehicle safety standards which were in effect at the time of such purchase.

For the purposes of this section, "child passenger restraint systems" shall include booster seats."

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 Statutory material to be repealed is bracketed and stricken.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

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

INTRODUCED BY:	_____________________________