| HB 0291 | Tax Deduction for Health Coverage Costs for Taxpayers |
| Sponsor: | MITCHELL | Handling House Bill: | |
| Committee: | WAYS | LR Number: | L1026.01I |
| Last Action: | 03/02/95 - Bill Combined w/HCS/HB 506 | ||
| Title: | HCS/HB 506 & 291 | ||
| Effective Date: | |||
HB0291 Mitchell, James W. Oetting, David A et al
P R E F I L E D
HB 291 -- Income Tax
Co-Sponsors: Mitchell and Oetting
This bill authorizes a state income tax deduction for 50% of health insurance benefits or coverage paid on their own behalf by self-employed or individuals who own and operate their own businesses.
This bill will become effective January 1, 1996, and applies to all taxable years beginning after December 31, 1995.