Amends the income tax credit for expenses for household and dependent care services necessary for gainful employment by increasing the taxpayer's applicable percentage of employment-related expenses and dollar limit on amounts creditable that constitute the tax credit. Requires the Department of Taxation to make annual adjustments for inflation to the adjusted gross income thresholds and dollar limits on amounts creditable. Applies to taxable years beginning after 12/31/2019. Effective 7/1/2050. (SD1)
Carried over to 2020 Regular Session.
Pass First Reading
Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Harimoto). Transmitted to House.
Received from Senate (Sen. Com. No. 332) in amended form (SD 1).
Report adopted; Passed Second Reading, as amended (SD 1).
Reported from WAM (Stand. Com. Rep. No. 681) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
48 Hrs. Notice 03-05-19.
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Keith-Agaran, English, Harimoto, Inouye, K. Kahele, Kanuha, Kidani, Moriwaki, Riviere, Shimabukuro, Taniguchi, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
The committee(s) on WAM has scheduled a public hearing on 02-06-19 10:00AM in conference room 211.
Passed First Reading.
Introduced.
Bill Text Versions | Format |
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SB1014_SD1 | PDF HTML |
SB1014 | PDF HTML |
Document | Format |
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Committee Report SB1014_SD1_SSCR681 | PDF HTML |
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