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The governor approves $ 300 tax refund, signs law raising the minimum wage to $ 18

Written by Javed Iqbal

HONOLULU (HawaiiNewsNow) – The checks are on their way.

At a ceremony Wednesday, the governor signed Senate Bill 514 in law that provides a tax refund of $ 300 to people who earn less than $ 100,000 a year – or $ 200,000 as a family.

By law, a family of four could receive $ 1,200 in tax refunds.

Those who earn more than $ 100,000 a year will receive a $ 100 tax refund.

Officials said the state is scheduled to begin processing the repayments in the last week of August.

“I’m sure, especially for the hard-working families, that $ 300 for each exception will go directly back into the economy to strengthen other families as well,” the former rep said. Sylvia Luke, running for lieutenant governor.

Also on Wednesday, Gov. David Ige signed a bill raising the minimum wage in Hawaii to $ 18 an hour by January 1, 2028.

Ige said this “balanced approach” will begin in stages, starting with raising the minimum wage from $ 10.10 an hour to $ 12 in October. The minimum wage will then increase to:

  • $ 14 from January 1, 2024
  • $ 16 from January 1, 2026
  • $ 18 from January 1, 2028

Ige added that the increase is “longest delayed” and will help the 90,000 workers in Hawaii who earn the minimum wage. “I’m excited to sign two bills that are really focused on helping working families and the people who need help the most,” Ige said.

The measure includes tax refunds and allocates $ 500 million to the state’s “rainy day” fund and $ 300 million to the pension fund.

Ige signs bills
Ige signs bills(Office of Governor David Ige)

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Javed Iqbal

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