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SB2431Introduced in the Senate

Relating To Health Savings Accounts.

EngrossedHouse Health

Introduced by Dru Kanuha, District 3

What does this bill do?

Plain-English breakdown

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Official description

For taxable years beginning 1/1/2026, establishes a tiered nonrefundable tax credit for qualified taxpayer insurers that offer one or more federally qualified health savings account-eligible high deductible health plans in the State, under certain conditions, and increasing the tax credit to incentivize more plans being written for residents in rural medically underserved areas of the State. Requires qualified taxpayer insurers to match up to a certain amount of a policyholder's first-time contribution into a health savings account. Sunsets 12/31/2030. Effective 7/1/2050. (SD1)

Where it stands

The committee(s) on HLT recommend(s) that the measure be deferred.

March 18, 2026

How did lawmakers vote?

SenateStage: Senate Ways and Means: Passed, Unamended · March 5, 2026

13

Yes

0

No

0

Absent or Not Voting

13 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each senator voted

SenatorDistrictVote
Lorraine Inouye1Yes
Dru Kanuha3Yes
Tim Richards4Yes
Troy Hashimoto5Yes
Lynn Decoite7Yes
Sharon Moriwaki12Yes
Donna Kim14Yes
Glenn Wakai15Yes
Brandon Elefante16Yes
Donovan Cruz17Yes

Bill history

  1. Introduced.

  2. Passed First Reading.

  3. Referred to CPN, WAM.

  4. The committee(s) on CPN has scheduled a public hearing on 02-11-26 9:30AM; CR 229 & Videoconference.

  5. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao.

  6. Reported from CPN (Stand. Com. Rep. No. 2549) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

  7. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

  8. The committee(s) on WAM will hold a public decision making on 03-05-26 10:15AM; Conference Room 211 & Videoconference.

  9. The committee(s) on WAM has rescheduled its decision making to 03-05-26 12:04PM; CR 211 & Videoconference.

  10. The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

  11. Reported from WAM (Stand. Com. Rep. No. 2967) with recommendation of passage on Third Reading.

  12. One Day Notice 03-10-26.

  13. Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

  14. Received from Senate (Sen. Com. No. 239) in amended form (SD 1).

  15. Pass First Reading

  16. Referred to HLT, CPC, FIN, referral sheet 17

  17. Bill scheduled to be heard by HLT on Wednesday, 03-18-26 9:00AM in House conference room 329 VIA VIDEOCONFERENCE.

  18. The committee(s) on HLT recommend(s) that the measure be deferred.

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