STAND. COM. REP. 358

Honolulu, Hawaii

, 2003

RE: H.B. No. 90

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committees on Health and Human Services and Housing, to which was referred H.B. No. 90 entitled:

"A BILL FOR AN ACT RELATING TO LONG-TERM CARE,"

beg leave to report as follows:

The purpose of this bill is to encourage the general public to purchase long-term care insurance by establishing a refundable long-term care tax credit of the lesser of $2,500 or 50 percent of the cost of long-term care insurance premiums.

The Chamber of Commerce of Hawaii; Hawaii Long Term Care Association; NAIFA Hawaii; American Council of Life Insurers; Health Insurance Association of America; Healthcare Association of Hawaii; and Maui Economic Opportunity, Inc., testified in support of this measure.

The Coalition for Affordable Long Term Care, Hawaii State Teachers Association – Retired, Kokua Council, and Hawaii State Teachers Association opposed this measure. The Department of Taxation and Tax Foundation of Hawaii submitted comments.

As affirmed by the records of votes of the members of your Committees on Health and Human Services and Housing that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 90 and recommend that it pass Second Reading and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committees on Health and Human Services and Housing,

 

____________________________

MICHAEL PUAMAMO KAHIKINA, Chair

____________________________

DENNIS A. ARAKAKI, Chair