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HB 81

RELATING TO INCOME TAX CREDITS.

2025 Regular Session Introduced by Sam Kong

Hawaii HB 81 proposes modifications to income tax credits; currently in committee review with fiscal and economic impacts pending bill text analysis.

Referred to ECD, FIN, referral sheet 1
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Bill Summary · HB 81

Legislative bill overview

HB 81 is a Hawaii income tax credit bill introduced by Representative Sam Kong that has advanced through initial legislative procedures. The bill was prefiled on January 13, 2025, introduced and passed first reading on January 16, and referred to the Economic Development and Finance committees on January 21. Without access to the specific bill text, the precise nature of the tax credits being created or modified cannot be determined.

Why is this important

Income tax credits directly affect state revenue and can influence economic behavior and taxpayer finances. Tax credit legislation often targets specific industries, populations, or activities the state wants to incentivize (such as renewable energy, small business, or low-income workers), making this a potentially significant fiscal and economic policy matter for Hawaii.

Potential points of contention

  • Fiscal impact unclear: The bill's effect on state revenues depends entirely on the credit structure, which requires reviewing the actual bill text
  • Committee scrutiny ahead: Referral to both Economic Development and Finance committees suggests potential debate over economic incentives versus budgetary concerns
  • Implementation details: Questions may arise about eligibility requirements, credit caps, and whether benefits are broadly distributed or narrowly targeted

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

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