HB1459 Creates an income tax deduction of up to two hundred dollars for otherwise nondeductible costs of health insurance premiums and out-of-pocket medical expenses.
Sponsor: Kelly, Glenda (27) Effective Date:00/00/0000
CoSponsor: Kreider, Jim (142) LR Number: 3347L.01I
Last Action: COMMITTEE: CRITICAL ISSUES
02/21/2000 - Public Hearing Held (H)
HB1459
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1459 Copyright(c)
* Introduced

Available Bill Text for HB1459
* Introduced *

BILL SUMMARIES

INTRODUCED

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