AZ HB2672

Exempts insurers from premium taxes on high deductible health plans issued in connection with health savings accounts established under Internal Revenue Code section 223.

Allows individual taxpayers to subtract contributions made by employers to their health savings accounts and personal deposits to health savings accounts from Arizona taxable income to the extent included in federal adjusted gross income.

Permits employers to subtract contributions made to employees' health savings accounts to the extent not deductible under federal law.

Allows individual taxpayers to subtract employer contributions to health reimbursement arrangements that qualify under Internal Revenue Code section 105 to the extent included in federal adjusted gross income.

Permits employers to subtract contributions made to employees' health reimbursement arrangements to the extent not deductible under federal law.