Ige signs bills to raise minimum wage, offer one-time tax refunds
The Maui News
Gov. David Ige signed a bill into law on Wednesday that will increase the minimum wage to $18 by 2028.
House Bill 2510, now Act 114, raises the minimum wage for the first time since 2018, from $10.10 per hour to $12 per hour starting Oct. 1. The minimum wage will then go up to $14 per hour starting in 2024, $16 per hour starting in 2026 and $18 per hour starting in 2028.
“More than 190,000 workers in Hawaii will benefit from these wage increases. This will help working families pay for housing, food, healthcare and other necessities,” Ige said in a news release. “The minimum wage increases will also give our economy a boost, as these families have more income to purchase what they need from local businesses.”
Ige also signed Senate Bill 514 into law as Act 115, which provides tax refunds to taxpayers and their dependents.
The law provides a tax refund of $300 for taxpayers who earn less than $100,000 a year (or couples earning less than $200,000) and $100 for taxpayers who earn $100,000 or more (or couples earning $200,000 or more).
The state Department of Taxation anticipates that it will begin issuing the tax refunds in the last week of August, with more details to be provided in the coming days, the news release said.
“At the start of the 2022 legislative session, we made a commitment to support programs and policies that would help our residents get back on their feet,” Ige said. “Both bills represent a collaborative effort to bring the people of Hawaii some relief as we continue to recover from the two-year pandemic.”