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IN SB0481
Bill
AI Summary
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Allows Indiana residents who are members of a health care sharing ministry to deduct qualified health care sharing expenses from their adjusted gross income starting in taxable years beginning after December 31, 2017.
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Defines qualified health care sharing expenses as money paid through a health care sharing ministry toward unreimbursed health care expenses of ministry members and administrative expenses of the ministry.
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Requires the taxpayer to be a member of a health care sharing ministry for at least one month during the taxable year in which they claim the deduction.
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Limits married couples filing jointly to claim only one deduction per taxable year regardless of individual expenses.
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Requires taxpayers to claim the deduction on their annual state tax return and submit information to the department as necessary to calculate the deduction amount.
Legislative Description
Tax deduction for health care sharing expenses. Allows a taxpayer who is an Indiana resident and a member of a health care sharing ministry to deduct from the taxpayer's adjusted gross income the total amount of qualified health care sharing expenses incurred by the taxpayer in a particular taxable year.
Last Action
Senator Randolph added as coauthor
2/21/2017