EnactedFiled Jan 23, 2026
Sponsor: HASHIMOTO
Latest Action
Act 217, on 07/08/2026 (Gov. Msg. No. 1319).
Jul 9, 2026
Summary
The bill lifts the maximum annual income‑tax deduction for contributions to individual housing accounts to $20,000 for single filers and $40,000 for joint filers, and raises the lifetime contribution limit to $200,000. It also updates the rules for when deductions can be claimed and how distributions are taxed. The changes aim to make saving for a first home more attractive amid Hawaii’s high housing costs.
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