Hawaii HB2010 proposes a 2% surcharge on taxable income exceeding $1,000,000 to fund the state's Medicaid program.

Hawaii HB2010 introduces a 2% surcharge on taxable income exceeding $1,000,000 to generate revenue for the state's Medicaid program. This surcharge applies to individuals, estates, and trusts for taxable years beginning after December 31, 2025. The surcharge is a separate liability added to the tax liability calculated under other subsections. Revenues collected under this surcharge will be deposited into a subaccount and earmarked for the state Medicaid program.

Hawaii HB2010 proposes a 2% surcharge on taxable income exceeding $1,000,000 to fund the state's Medicaid program.

Hawaii HB2010 introduces a 2% surcharge on taxable income exceeding $1,000,000 to generate revenue for the state's Medicaid program. This surcharge applies to individuals, estates, and trusts for taxable years beginning after December 31, 2025. The surcharge is a separate liability added to the tax liability calculated under other subsections. Revenues collected under this surcharge will be deposited into a subaccount and earmarked for the state Medicaid program.