Amends GS 105153.5(a)(2) to change the calculation of the income tax deduction for medical and dental expenses so that it is equal to the sum of (1) medical and dental expenses used for the calculation under section 213 of the IRS Code and (2) qualified health care sharing expenses (defined as the total amount of money paid by a taxpayer toward the health care expenses of the members of the health care sharing organization for which the taxpayer received no reimbursement) for being a member of a health care sharing organization (as defined in GS 584912) during the taxable year, to the extent that the sum exceeds 10% of a taxpayer's adjusted gross income for that taxable year (currently allows the deduction for all medical and dental expenses under section 213 of the IRS Code for the taxable year).
Effective for taxable years beginning on or after January 1, 2018.
HEALTH CARE SHARING EXPENSES DEDUCTION.
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View NCGA Bill Details | 2017-2018 Session |
AN ACT TO PROVIDE INCOME TAX RELIEF FOR HEALTH CARE SHARING EXPENSES.Intro. by S. Martin, Dobson.
Status: Ref To Com On Rules and Operations of the Senate (Senate Action) (May 18 2017)
Bill History:
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Wed, 8 Mar 2017 House: Filed
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Thu, 9 Mar 2017 House: Passed 1st Reading
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Thu, 9 Mar 2017 House: Ref to the Com on Insurance, if favorable, Finance
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Tue, 11 Apr 2017 House: Withdrawn From Com
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Tue, 11 Apr 2017 House: Re-ref Com On Finance
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Tue, 16 May 2017 House: Reptd Fav
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Tue, 16 May 2017 House: Cal Pursuant Rule 36(b)
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Tue, 16 May 2017 House: Placed On Cal For 05/17/2017
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Wed, 17 May 2017 House: Passed 2nd Reading
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Wed, 17 May 2017 House: Passed 3rd Reading
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Thu, 18 May 2017 House: Regular Message Sent To Senate
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Thu, 18 May 2017 Senate: Regular Message Received From House
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Thu, 18 May 2017 Senate: Passed 1st Reading
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Thu, 18 May 2017 Senate: Ref To Com On Rules and Operations of the Senate
H 295
Bill Summaries:
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Bill H 295 (2017-2018)Summary date: Mar 8 2017 - View Summary
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