Official record
Measure details
- Jurisdiction
- Hawaii
- Session
- 2026
- Chamber
- upper
- Classification
- bill
- Subjects
- Income Tax, Increase, Individual Housing Accounts, Maximum Annual Deduction, Maximum Total Deduction, Pre-tax Savings
- Introduced / first action
- 2026-01-23 00:00:00
Source-supplied abstracts
For taxable years beginning 1/1/2027: (1) increases the maximum annual and total allowable deduction for contributions to individual housing accounts for income tax deductions; and (2) increases the maximum allowable contributions for individual housing accounts to qualify for the income tax deductions. Repeals outdated language applicable to first‑time home purchases made before 1/1/1990, by persons with an individual housing account. (CD1)