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Tuesday, July 7, 2026

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HI · SB3125INTRO · 1 COSPONSOR

Relating To Income Tax.

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Plain-English Summary

PART I: Repeals future adjustments to income tax brackets. For taxable years beginning after 12/31/2026, adds an income tax bracket and increases the income tax rates for the three highest income tax brackets by one percentage point each. Increases a taxpayer's applicable percentage of employment-related expenses that is used to calculate the household and dependent care services tax credit and increases income eligibility thresholds for the credit. Establishes certain disallowance periods follo…

Source: OpenStates · fetched April 21, 2026

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