HI SB595

Establishes a tax credit for physicians and clinics that serve Medicaid patients, designed to address physician shortages in Hawaii and encourage doctors to accept Medicaid coverage.

Credits apply to qualified taxpayers (physicians licensed under chapter 453 or clinics employing licensed physicians, physician assistants, or advanced practice registered nurses) who pay medical malpractice insurance premiums.

Qualifies physicians and clinics must have at least a specified percentage of their total patient caseload consisting of Medicaid patients accepted and treated by the provider.

Tax credit equals a specified percentage of annual medical malpractice insurance premiums paid by the qualified taxpayer in the taxable year the credit is claimed.

Effective July 1, 2050, applying to taxable years beginning after December 31, 2010; Director of Taxation administers the credit and may require documentation; claims must be filed within twelve months following the applicable taxable year.