Hawaii Revised Statutes 235-55.85 v2 – Refundable food/excise tax credit
Current as of: 2024 | Check for updates
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Terms Used In Hawaii Revised Statutes 235-55.85 v2
- Dependent: A person dependent for support upon another.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Internal Revenue Code: means subtitle A, chapter 1, of the federal Internal Revenue Code of 1986, as amended as of December 31, 2022, as it applies to the determination of gross income, adjusted gross income, ordinary income and loss, and taxable income, except those provisions of the Internal Revenue Code which, pursuant to this chapter, do not apply or are otherwise limited in application. See Hawaii Revised Statutes 235-2.3
- month: means a calendar month; and the word "year" a calendar year. See Hawaii Revised Statutes 1-20
Adjusted gross income for taxpayers filing a single return |
Credit per exemption |
Under $5,000 |
$110 |
$5,000 under $10,000 |
$100 |
$10,000 under $15,000 |
$ 85 |
$15,000 under $20,000 |
$ 70 |
$20,000 under $30,000 |
$ 55 |
$30,000 and over |
$ 0. |
Adjusted gross income for heads of household, married individuals filing separate returns, and married couples filing joint returns |
Credit per exemption |
Under $5,000 |
$110 |
$5,000 under $10,000 |
$100 |
$10,000 under $15,000 |
$ 85 |
$15,000 under $20,000 |
$ 70 |
$20,000 under $30,000 |
$ 55 |
$30,000 under $40,000 |
$ 45 |
$40,000 under $50,000 |
$ 35 |
$50,000 and over |
$ 0. |