| 41 | | - | WHEREAS, the State passed Act 245, Session Laws of Hawaii 2002 (Act 245), on July 1, 2002, creating the Hawaii Long-Term Care Financing Program (LTC Financing Program); and WHEREAS, the LTC Financing Program is intended to provide universal and affordable long-term care for all eligible State residents regardless of income; and WHEREAS, the LTC Financing Program benefits are intended to be primary over long-term care benefits from private insurance companies and Medicaid; and WHEREAS, Act 245, codified at chapter 346C, Hawaii Revised Statutes, only established a framework for the LTC Financing Program and therefore, the details of the program, including how to pay for it, remain undetermined; and WHEREAS, in 2003, the Legislature passed S.B. No. 1088, S.D. 2, H.D.2, C.D. 1 (2003), which proposed to establish a Long-Term Care Income Tax Credit for amounts paid for purchase of long-term care insurance but was vetoed by the Governor; and WHEREAS, the Tax Review Commission is scheduled to convene in 2025 pursuant to Chapter 232E, Hawaii Revised Statutes, with the purpose of conducting a systematic review of the State's tax structure; now, therefore, BE IT RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii, Regular Session of 2025, that the Tax Review Commission is requested to identify possible means by which the Hawaii Long-Term Care Financing Program can be implemented, including consideration of a revised version of the Long-Term Care Income Tax Credit proposed in S.B. No. 1088, S.D. 2, H.D. 2, C.D. 1 (2003) and the findings listed in Financing Long Term Care: A Report to the Hawaii State Legislature, Executive Office on Aging, Office of the Governor, July 1991; and BE IT FURTHER RESOLVED that the Tax Review Commission is requested to submit a report of its findings and recommendations, including any proposed legislation, to the Legislature no later twenty days prior to the convening of the Regular Session of 2026; and BE IT FURTHER RESOLVED that the report to the Legislature is requested to include the possible implementations, financing mechanisms, and costs that may be associated with implementing and administering the Long-Term Care Financing Program; and BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Governor, Director of Budget and Finance, Director of Taxation, and Chairperson of the Tax Review Commission. Report Title: Tax Review Commission; Long-Term Care; Financing Program; Medicaid; Insurance |
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| 41 | + | WHEREAS, the State passed Act 245, Session Laws of Hawaii 2002 (Act 245), on July 1, 2002, creating the Hawaii Long-Term Care Financing Program (LTC Financing Program); and WHEREAS, the LTC Financing Program is intended to provide universal and affordable long-term care for all eligible State residents regardless of income; and WHEREAS, the LTC Financing Program benefits are intended to be primary over long-term care benefits from private insurance companies and Medicaid; and WHEREAS, Act 245, codified at chapter 346C, Hawaii Revised Statutes, only established a framework for the LTC Financing Program and therefore, the details of the program, including how to pay for it, remain undetermined; and WHEREAS, in 2003, the Legislature passed S.B. No. 1088, S.D. 2, H.D.2, C.D. 1 (2003), which proposed to establish a Long-Term Care Income Tax Credit for amounts paid for purchase of long-term care insurance but was vetoed by the Governor; and WHEREAS, the Tax Review Commission is scheduled to convene in 2025 pursuant to Chapter 232E, Hawaii Revised Statutes, with the purpose of conducting a systematic review of the State's tax structure; now, therefore, BE IT RESOLVED by the Senate of the Thirty-third Legislature of the State of Hawaii, Regular Session of 2025, that the Tax Review Commission is requested to identify possible means by which the Hawaii Long-Term Care Financing Program can be implemented, including consideration of a revised version of the Long-Term Care Income Tax Credit proposed in S.B. No. 1088, S.D. 2, H.D. 2, C.D. 1 (2003); and BE IT FURTHER RESOLVED that the Tax Review Commission is requested to submit a report of its findings and recommendations, including any proposed legislation, to the Legislature no later twenty days prior to the convening of the Regular Session of 2026; and BE IT FURTHER RESOLVED that the report to the Legislature is requested to include the possible implementations, financing mechanisms, and costs that may be associated with implementing and administering the Long-Term Care Financing Program; and BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Governor, Director of Budget and Finance, Director of Taxation, and Chairperson of the Tax Review Commission. OFFERED BY: _____________________________ Report Title: Tax Review Commission; Long-Term Care; Financing Program; Medicaid; Insurance |
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