STAND. COM. REP. NO. 766-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 2873

H.D. 2

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2873, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HEALTH SAVINGS ACCOUNTS,"

begs leave to report as follows:

The purpose of this bill is to promote the health of Hawaii's people by establishing a Health Savings Program to enable residents to save for certain health-related expenses through Health Savings Accounts that are eligible for certain tax incentives.

The National Federation of Independent Business and Hawaii Medical Service Association testified in support of this bill. The Chamber of Commerce of Hawaii, Kaiser Permanente, and a concerned individual supported the intent of this measure. The Department of Commerce and Consumer Affairs, Department of Budget and Finance, and Hawaii Medical Association provided comments.

Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity and style.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2873, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2873, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT Y. TAKAMINE, Chair