WeVote
Log In

Bill

Bill

SB 704

RELATING TO THE EARNED INCOME TAX CREDIT.

2026 Regular Session Introduced by Henry Aquino and 7 co-sponsors

Hawaii SB 704 modifies the state's Earned Income Tax Credit program; specific provisions under committee review as of 2026 session.

Carried over to 2026 Regular Session.
#earnedincometaxcredit #incometax
0
WeVote Research Nonpartisan
Bill Summary · SB 704

Legislative bill overview

SB 704 modifies Hawaii's Earned Income Tax Credit (EITC) program, though the specific provisions are not detailed in the available information. The bill has been introduced and passed first reading, currently awaiting further committee review in the 2026 session after being carried over from 2025.

Why is this important

The EITC is a refundable tax credit that primarily benefits low-to-moderate income working families and individuals. Changes to Hawaii's EITC could affect tax liability, household cash flow, and economic support for working residents, making this relevant to approximately 100,000+ Hawaii tax filers who claim the credit annually.

Potential points of contention

  • Fiscal impact unclear – Without knowing specific changes, the bill's cost to the state budget or savings cannot be assessed
  • Eligibility and benefit amount modifications – Any changes to income thresholds, credit percentages, or qualifying dependents will affect who benefits and by how much
  • Administrative complexity – Expanding or restructuring EITC provisions may create compliance challenges for both taxpayers and the Department of Taxation

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

Sign in to ask a question.