HRS §23-95

Review of tax credits and deductions every five years

This section requires the auditor to review certain tax credits and deductions for income tax and financial institutions tax in 2023 and every fifth year after that. The auditor must send the findings and recommendations to the legislature and governor at least twenty days before the next regular session starts. It lists seven specific tax breaks that will be reviewed.

state agencies

The statute, as written — Review for 2023 and every fifth year thereafter

(a) The credits and deductions under the income tax and financial institutions tax listed in subsection (c) shall be reviewed in 2023 and every fifth year thereafter. (b) The auditor shall submit the findings and recommendations of the reviews to the legislature and governor at least twenty days prior to the convening of the immediately following regular session. (c) This section shall apply to the following: (1) Section 235-5.5--Deduction for individual housing account deposit; (2) Section 235-7(f)--Deduction of property loss due to a natural disaster; (3) Section 235-16.5--Credit for cesspool upgrade, conversion, or connection; (4) Section 235-19--Deduction for maintenance of an exceptional tree; (5) Section 235-55.91--Credit for the employment of a vocational rehabilitation referral; (6) Section 235-110.2--Credit for in-kind services contribution for public school repair and maintenance; and (7) Sections 235-110.8 and 241-4.7--Credit for ownership of a qualified low-income housing building.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§235-110.2 Tax credit for school repair and maintenance work

§235-110.8 How Hawaii's low-income housing tax credit works

§235-19 Tax break for caring for special trees

§235-5.5 Individual Housing Accounts (Tax Deduction)

§235-7 What income is taxed and what is not

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