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Bill

Bill

HB 694

RELATING TO A CHILD TAX CREDIT.

2026 Regular Session Introduced by Terez Amato and 8 co-sponsors

Hawaii proposes establishing a state child tax credit to reduce taxes for families with dependent children, though the bill stalled in committee and was carried to the 2026 session.

Carried over to 2026 Regular Session.
#refundablechildtaxcredit
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Bill Summary · HB 694

Legislative bill overview

HB 694 proposes to establish or modify a child tax credit in Hawaii's state tax code. The bill was introduced in January 2025 and referred to the Economic Development and Finance committees for review. As of December 2025, it was carried over to the 2026 legislative session without final passage.

Why is this important

Child tax credits directly affect household finances for families with dependent children and influence state tax revenue. Hawaii's cost of living is among the nation's highest, making tax relief provisions particularly relevant to local families. The bill's fate will impact both family budgets and the state's fiscal position depending on its scope and generosity.

Potential points of contention

  • Revenue impact: Whether Hawaii can afford the tax credit's cost and whether offsetting revenues or budget cuts are necessary
  • Eligibility and design: Questions about income limits, number of children covered, credit amount, and whether it benefits all families equally
  • Economic rationale: Debate over whether tax credits are the most effective policy tool versus direct spending on childcare, education, or other family services

Compiled from official sources — confirm details with the bill’s official record.

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