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THIRTIETH LEGISLATURE, 2019 <br />STATE OF HAWAII <br />.B. NO. <br />A BILL FOR AN ACT <br />RELATING TO TAXATION. <br />BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII: <br />1 SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by <br />2 adding a new section to part I to be appropriately designated and to read as follows: <br />3 "§235- hiring an individual with a disability; income tax <br />4 credit (a) There shall be allowed to each taxpayer subject to the tax <br />s imposed by this chapter, a credit for the hiring of an individual with a <br />6 disability that shall be deductible from the taxpayer's net income tax liability. <br />7 if any, imposed by this chapter for the taxable year in which the credit is <br />8 properly claimed. <br />9 (b) The amount of the credit shall be equal to hfty per cent of the <br />10 qualified wages for the first six months after an individual with a disability is <br />11 initially hired. A tax credit that exceeds the taxpayer's income tax liability <br />12 may be used as a credit against the taxpaver's income tax liability in <br />13 subsequent years until exhausted; provided that in no taxable year shall the <br />14 total amount of the tax credit claimed under this section exceed $ per <br />15 taxpayer. <br />