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MN HF2907
Bill
Status
3/15/2012
Primary Sponsor
Mary Franson
Click for details
AI Summary
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Allows physicians a tax credit equal to 50 percent of the fair market value of uncompensated medical care provided to eligible individuals during the taxable year.
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Eligible individuals must be Minnesota residents without health insurance whose combined household income is below the federal poverty level for that household.
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Medical care must be a procedure covered by Medicare, with fair market value not exceeding Medicare's reimbursement rate for that procedure.
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Unused credit amounts carry forward to subsequent taxable years, with provisions for carryover periods (specific number of years not specified in draft).
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Effective for taxable years beginning after December 31, 2011.
Legislative Description
Income tax credit allowed for physician-provided uncompensated medical care.
Last Action
Introduction and first reading, referred to Taxes
3/15/2012