{"id":17015,"date":"2023-02-17T21:39:15","date_gmt":"2023-02-18T07:39:15","guid":{"rendered":"http:\/\/thefilipinochronicle.com\/backup\/?p=17015"},"modified":"2023-02-17T21:39:16","modified_gmt":"2023-02-18T07:39:16","slug":"house-committee-pass-bill-to-provide-tax-relief-to-hawaii-residents","status":"publish","type":"post","link":"https:\/\/thefilipinochronicle.com\/backup\/2023\/02\/17\/house-committee-pass-bill-to-provide-tax-relief-to-hawaii-residents\/","title":{"rendered":"House Committee Pass Bill To Provide Tax Relief To Hawaii Residents"},"content":{"rendered":"\n<p>Announced on Feb. 14, the House Committee on Education and Committee on Economic Development approved bill HB1049 for a second hearing.<br><br>\u201cThe bill aims to restructure the state&#8217;s income tax brackets, increase tax credits for working families, and create tax credits for teacher expenses,\u201d as stated in the announcement.<br><br>Moreover, the bill would lower the income tax for all brackets, increase the income of working families by thousands of dollars and Hawaii renters would see relief through increased tax credits.<br><br>For individual filers from $2,200 to $5,000, they would see a double in their standard deduction. While those from $1,144 to $2,288 would see a double in their personal exemption.<br><br>&#8220;This measure provides much-needed relief for our families who work hard every day to maintain their households and make ends meet,&#8221; said Economic Development Chair Daniel Holt.<br><br>&#8220;By reducing the financial burden on families, we empower them to make choices that benefit our local economy and bring growth to our communities.&#8221;<br><br>To track the status of bill HB1049, visit <a href=\"https:\/\/www.capitol.hawaii.gov\/session\/measure_indiv.aspx?billtype=HB&amp;billnumber=1049&amp;year=2023\">capitol.hawaii.gov\/session\/measure_indiv.aspx?billtype=HB&amp;billnumber=1049&amp;year=2023<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Announced on Feb. 14, the House Committee on Education and Committee on Economic Development approved&#8230;<\/p>\n","protected":false},"author":1,"featured_media":785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","_links_to":"","_links_to_target":""},"categories":[4,11,5],"tags":[],"featured_image_urls":{"full":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=1050%2C600&ssl=1",1050,600,false],"thumbnail":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=300%2C171&ssl=1",300,171,true],"medium_large":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=640%2C366&ssl=1",640,366,true],"large":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=640%2C366&ssl=1",640,366,true],"1536x1536":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=1050%2C600&ssl=1",1050,600,true],"2048x2048":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=1050%2C600&ssl=1",1050,600,true],"ultp_layout_landscape_large":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=1050%2C600&ssl=1",1050,600,true],"ultp_layout_landscape":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=870%2C570&ssl=1",870,570,true],"ultp_layout_portrait":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=600%2C600&ssl=1",600,600,true],"ultp_layout_square":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=600%2C600&ssl=1",600,600,true],"covernews-slider-full":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=1050%2C600&ssl=1",1050,600,true],"covernews-slider-center":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=780%2C500&ssl=1",780,500,true],"covernews-featured":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?fit=1024%2C585&ssl=1",1024,585,true],"covernews-medium":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=540%2C285&ssl=1",540,285,true],"covernews-medium-square":["https:\/\/i1.wp.com\/thefilipinochronicle.com\/backup\/wp-content\/uploads\/2020\/04\/Untitled-design-2.jpg?resize=375%2C250&ssl=1",375,250,true]},"author_info":{"info":["admin"]},"category_info":"<a href=\"https:\/\/thefilipinochronicle.com\/backup\/category\/features\/\" rel=\"category tag\">Features<\/a> <a href=\"https:\/\/thefilipinochronicle.com\/backup\/category\/_news\/hawaii-filipino\/\" rel=\"category tag\">Hawaii - 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