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IN SB0174
Bill
AI Summary
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Establishes an adjusted gross income tax deduction for Indiana residents who are members of health care sharing ministries, effective January 1, 2019.
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Deduction equals the total amount of qualified health care sharing expenses paid during the taxable year, including unreimbursed health care expenses and administrative expenses of the ministry.
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Requires membership in a health care sharing ministry for at least one month during the taxable year to claim the deduction.
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Individuals must claim the deduction on their annual state tax return and submit any information the department requires to calculate the deduction amount.
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Applies only to taxable years beginning after December 31, 2018, with the provision expiring July 1, 2020.
Legislative Description
Tax deduction for health care sharing expenses. Provides that an individual who is an Indiana resident and a member of a health care sharing ministry is entitled to an adjusted gross income tax deduction for a taxable year equal to the total amount of qualified health care sharing expenses paid by the taxpayer during the taxable year.
Last Action
First reading: referred to Committee on Health and Provider Services
1/8/2018