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H0253aaS............................................by REVENUE AND TAXATION
INCOME TAX - DEDUCTIONS - Amends existing law to provide that, with respect
to a taxpayer, an amount equal to the amount paid by the taxpayer during
the taxable year for insurance, which constitutes medical care for the
taxpayer and the spouse and dependents of the taxpayer, which is not
otherwise deductible by the taxpayer for federal income tax purposes, shall
be allowed as an Idaho income tax deduction.
02/14 House intro - 1st rdg - to printing
02/15 Rpt prt - to Rev/Tax
02/27 Rpt out - rec d/p - to 2nd rdg
02/28 2nd rdg - to 3rd rdg
03/01 3rd rdg - PASSED - 51-11-8
AYES -- Barraclough, Barrett, Bedke, Bell, Bieter, Black, Boe, Bolz,
Callister, Campbell, Chase, Collins, Cuddy, Ellsworth, Eskridge,
Field(13), Field(20), Gould, Hammond, Harwood, Henbest, Higgins,
Jaquet, Jones, Kellogg, Kendell, Kunz, Langford, Loertscher, Marley,
McKague, Meyer, Montgomery, Moss, Moyle, Pearce, Pischner, Raybould,
Robison, Sali, Schaefer, Sellman, Shepherd, Smylie, Stevenson, Stone,
Tilman, Trail, Wheeler, Wood, Young
NAYS -- Bruneel, Denney, Ellis, Gagner, Hadley, Hornbeck, Lake,
Pomeroy, Ridinger, Roberts, Smith
Absent and excused -- Bradford, Clark, Crow, Deal, Mader, Mortensen,
Swan, Mr. Speaker
Floor Sponsor -- Henbest
Title apvd - to Senate
03/02 Senate intro - 1st rdg - to Loc Gov
03/15 Rpt out - to 14th Ord
Rpt out amen - to 1st rdg as amen
03/16 1st rdg - to 2nd rdg as amen
03/19 2nd rdg - to 3rd rdg as amen
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 253
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO INCOME TAXATION; AMENDING CHAPTER 30, TITLE 63, IDAHO CODE, BY THE
3 ADDITION OF A NEW SECTION 63-3022P, IDAHO CODE, TO PROVIDE WITH RESPECT TO
4 A TAXPAYER, AN AMOUNT EQUAL TO THE AMOUNT PAID BY THE TAXPAYER DURING THE
5 TAXABLE YEAR FOR INSURANCE, WHICH CONSTITUTES MEDICAL CARE FOR THE TAX-
6 PAYER AND THE SPOUSE AND DEPENDENTS OF THE TAXPAYER WHICH IS NOT OTHERWISE
7 DEDUCTIBLE BY THE TAXPAYER FOR FEDERAL INCOME TAX PURPOSES SHALL BE
8 ALLOWED AS A DEDUCTION AGAINST TAXABLE INCOME; DECLARING AN EMERGENCY AND
9 PROVIDING RETROACTIVE APPLICATION.
10 Be It Enacted by the Legislature of the State of Idaho:
11 SECTION 1. That Chapter 30, Title 63, Idaho Code, be, and the same is
12 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
13 ignated as Section 63-3022P, Idaho Code, and to read as follows:
14 63-3022P. HEALTH INSURANCE COSTS. With respect to a taxpayer, an amount
15 equal to the amount paid by the taxpayer during the taxable year for insur-
16 ance, which constitutes medical care for the taxpayer and the spouse and
17 dependents of the taxpayer which is not otherwise deductible by the taxpayer
18 for federal income tax purposes shall be allowed as a deduction against tax-
19 able income.
20 SECTION 2. An emergency existing therefor, which emergency is hereby
21 declared to exist, this act shall be in full force and effect on and after its
22 passage and approval, and retroactively to January 1, 2001.
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
Moved by Ipsen
Seconded by Stegner
IN THE SENATE
SENATE AMENDMENT TO H.B. NO. 253
1 AMENDMENT TO SECTION 1
2 On page 1 of the printed bill, in line 17, delete "deductible" and insert:
3 "deducted".
4 CORRECTION TO TITLE
5 On page 1, in line 7, delete "DEDUCTIBLE" and insert: "DEDUCTED".
STATEMENT OF PURPOSE
RS 10864
The purpose of this legislation is to provide that an individual
taxpayer may deduct from state income taxes the cost of health
insurance that is not otherwise deductible from federal income taxes
FISCAL IMPACT
The Idaho Division of Financial Management estimates the General Fund
fiscal impact of the deduction for health insurance will be
approximately $13.5 million in FY2002, $14 million in FY 2003, and
$14.5million in FY 2004.
Contact
Name: Margaret Henbest
Phone: 332 1130