STAND. COM. REP. NO. 982-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 1769

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1769, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TAXATION,"

begs leave to report as follows:

The purpose of this measure is to establish a refundable Family Caregiver Tax Credit for nonpaid family caregivers.

Your Committee received testimony in support of this measure from the Alzheimer's Association - Hawaii; Hawaiʻi Primary Care Association; AARP Hawaiʻi; Hawaiʻi Family Caregiver Coalition; Hawaiʻi Children's Action Network Speaks!; Chamber of Commerce Hawaii; and numerous individuals. Your Committee received comments on this measure from the Department of Taxation; Executive Office on Aging; and Tax Foundation of Hawaii.

Your Committee has amended this measure by changing the maximum family caregiver tax credit amount to an unspecified amount.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1769, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1769, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

KYLE T. YAMASHITA, Chair