Bill Summary for S 682 (2011-2012)

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Bill: TAX DEDUCTION FOR SHARING HEALTH CARE COSTS.

Summary date: 

Apr 19 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 682 (Public) Filed Tuesday, April 19, 2011
TO GRANT AN INCOME TAX DEDUCTION TO INDIVIDUALS WHO PAY THE MEDICAL EXPENSES OF OTHER INDIVIDUALS THROUGH A HEALTH CARE SHARING ORGANIZATION.
Intro. by Hunt.

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Bill summary

Amends GS 105-134.6 to allow deduction from individual income tax 20% of the amount the taxpayer pays to another individual pursuant to a health care sharing organization. Effective for tax years beginning on or after January 1, 2012.