Bill > HB2010

This bill establishes a new two percent surcharge on taxable income exceeding $1,000,000 for all taxpayers, regardless of their filing status, to help fund the State Medicaid Program, which provides essential health care services to vulnerable populations. The bill's purpose is to address potential funding gaps in the Medicaid program that may arise from federal tax cuts and changes to federal Medicaid funding, which could strain hospitals and lead to a loss of health coverage for many residents. The revenue generated from this surcharge will be deposited into a dedicated subaccount and can only be used for the Medicaid program if the Legislature approves its expenditure through a concurrent resolution in the following regular session; otherwise, the funds will go to the general fund. This surcharge is intended to be a modest contribution from Hawaii's highest-income taxpayers to support critical state priorities.

Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2010&year=2026