Bill > HCR38

This concurrent resolution requests the Tax Review Commission, which is scheduled to convene in 2025, to explore potential implementation strategies for the Hawaii Long-Term Care Financing Program (LTC Financing Program). Originally established by Act 245 in 2002, the LTC Financing Program aims to provide universal and affordable long-term care for eligible state residents, with benefits designed to be primary over private insurance and Medicaid. The resolution specifically asks the Tax Review Commission to identify possible financing mechanisms, including reconsidering a previously vetoed Long-Term Care Income Tax Credit from 2003, and to submit a detailed report to the Legislature by twenty days before the 2026 Regular Session. The report should comprehensively outline potential implementation methods, associated financing strategies, and estimated costs for administering the program. Additionally, the resolution directs that copies of the concurrent resolution 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.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HCR&billnumber=38&year=2025