HB 1459 -- Income Tax: Deduction for Health Care Costs
Co-Sponsors: Kelly (27), Kreider
This bill allows an individual income tax deduction for
insurance premiums and out-of-pocket medical costs paid by a
taxpayer up to $2,000 per tax year.
The deductible amount is only to the extent that the costs are
included in a taxpayer's federal adjusted gross income. Out-of--
pocket medical costs are those deductions allowed for health
costs as a federal itemized deduction.
The deduction will apply to tax year 2000 and thereafter.
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Last Updated October 5, 2000 at 11:33 am