Bill > HR33

This resolution requests the Tax Review Commission, which is scheduled to convene in 2025 to review Hawaii's tax structure, to identify potential methods for implementing the Hawaii Long-Term Care Financing Program (LTC Financing Program). Originally created by Act 245 in 2002, the LTC Financing Program aims to provide universal and affordable long-term care for eligible state residents, with benefits intended to be primary over private insurance and Medicaid. The resolution specifically asks the Commission to explore financing mechanisms, including potentially reviving a previously vetoed Long-Term Care Income Tax Credit from 2003, and to submit a comprehensive report to the Legislature at least twenty days before the 2026 Regular Session. The report should detail possible implementation strategies, associated costs, and potential administrative considerations. The resolution also directs that copies be sent to key state officials, including the Governor, Director of Budget and Finance, Director of Taxation, and the Chairperson of the Tax Review Commission, to ensure broad awareness and potential follow-up action.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=33&year=2025