HI HB1547

Creates a tiered nonrefundable tax credit for insurers offering federally qualified health savings account (HSA)-eligible high deductible health plans (bronze or catastrophic plans) in Hawaii, with higher credits for plans written in rural and medically underserved areas.

Requires insurers claiming the tax credit to match a portion of a policyholder's first-time contribution into a health savings account (specific dollar amounts left blank in bill text).

Establishes an annual cap on total tax credits available to all qualified insurers, with unused eligibility carrying over to the following year.

Allows excess tax credits to be carried forward to subsequent taxable years until exhausted, with claims required within 12 months after the close of the taxable year.

Applies to taxable years beginning after December 31, 2025, and sunsets on December 31, 2030.