[§235-15]  Tax credits to promote thepurchase of child passenger restraint systems.  (a)  Any taxpayer who filesan individual income tax return for a taxable year may claim an income taxcredit under this section against the Hawaii state individual net income tax.

(b)  The tax credit shall be $25; provided thatthe taxpayer purchases one or more new child passenger restraint systems in thetax year for which the credit is properly claimed; and provided that suchrestraint system can be shown to be in substantial conformity withspecifications for such restraint systems set forth by the federal motorvehicle safety standards which were in effect at the time of such purchase.

(c)  If the tax credit claimed by the taxpayerunder this section exceeds the amount of the income tax payments due from thetaxpayer, the excess of credit over payments due shall be refunded to thetaxpayer; provided that the tax credit properly claimed by a taxpayer who hasno income tax liability shall be paid to the taxpayer; and provided that norefunds or payments on account of the tax credit allowed by this section shallbe made for amounts less than $1.

(d)  The director of taxation shall preparesuch forms as may be necessary to claim a credit under this section, mayrequire proof of the claim for the tax credit, and may adopt rules pursuant tochapter 91.

(e)  All of the provisions relating toassessments and refunds under this chapter and under section 231-23(c)(1) shallapply to the tax credit under this section.

(f)  Claims for the tax credit under thissection, including any amended claims, shall be filed on or before the end ofthe twelfth month following the taxable year for which the credit may beclaimed. [L 1982, c 134, §1]

 

Revision Note

 

  In subsection (e), "231-23(c)(1)" substituted for"231-23(d)(1)".