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