2001 Legislation
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HOUSE BILL NO. 253 – Income tax deductn/health insurance

HOUSE BILL NO. 253

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View Statement of Purpose / Fiscal Impact



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Daily Data Tracking History



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

Bill Text


                                                                        
                                                                        
  ||||              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.

Amendment


                                                                        
                                                                        
  ||||              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 / Fiscal Impact


                     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