|HB 0291||Tax Deduction for Health Coverage Costs for Taxpayers|
|Sponsor:||MITCHELL||Handling House Bill:|
|Last Action:||03/02/95 - Bill Combined w/HCS/HB 506|
|Title:||HCS/HB 506 & 291|
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.