Text: HF02112 Text: HF02114 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.7, subsection 32, Code Supplement
1 2 1997, is amended to read as follows:
1 3 32. Subtract, to the extent not otherwise deducted in
1 4 computing adjusted gross income, the amounts paid by the
1 5 taxpayer for the purchase of health benefits coverage or
1 6 insurance, including long-term health insurance, for the
1 7 taxpayer or taxpayer's spouse or dependent.
1 8 Sec. 2. Section 422.9, subsection 2, paragraph i, Code
1 9 Supplement 1997, is amended to read as follows:
1 10 i. If the taxpayer has a deduction for medical care
1 11 expenses under section 213 of the Internal Revenue Code, the
1 12 taxpayer shall recompute for the purposes of this subsection
1 13 the amount of the deduction under section 213 by excluding
1 14 from medical care, as defined in section 213, the amount
1 15 subtracted under section 422.7, subsection 32, to the extent
1 16 it constitutes medical care as defined in section 213 of the
1 17 Internal Revenue Code.
1 18 Sec. 3. APPLICABILITY. This Act applies to tax years
1 19 beginning on or after January 1, 1999.
1 20 EXPLANATION
1 21 The bill specifies that the present deduction for the
1 22 purchase of health benefits insurance includes insurance for
1 23 long-term health care. The bill applies to tax years
1 24 beginning on or after January 1, 1999.
1 25 LSB 3338YH 77
1 26 mg/jw/5
Text: HF02112 Text: HF02114 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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