HRS §235-91.5
Order for using income tax credits
This law sets the order for using Hawaii income tax credits. You must apply refundable credits first, then nonrefundable credits. Nonrefundable credits can be carried forward to future years until used.
everyone
The statute, as written — Income tax credits; ordering of credit claims
Notwithstanding any other law to the contrary providing for the use of an income tax credit under this chapter, in the offsetting of a taxpayer's income tax liability, tax credits that may be refunded or paid to the taxpayer who has no income tax liability shall be used first, followed by nonrefundable tax credits that may be used as credit against taxes in subsequent years until exhausted.
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