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OH SB25
Bill
Status
2/10/2009
Primary Sponsor
Bob Gibbs
Click for details
AI Summary
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Changes the threshold for deducting unreimbursed medical expenses from 7.5% of federal adjusted gross income to 1% of federal adjusted gross income in division (A)(11)(b) of section 5747.01.
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Allows individuals to deduct medical care expenses and qualified long-term care insurance premiums for themselves, their spouses, and dependents to the extent expenses exceed 1% (rather than 7.5%) of federal adjusted gross income.
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Applies to taxable years beginning on or after January 1, 2009.
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Repeals the existing section 5747.01 and enacts a comprehensive replacement defining all relevant tax terms and deductions under Ohio's income tax law.
Legislative Description
To increase the amount of unreimbursed medical expenses that an individual may deduct in computing Ohio income tax.
Income tax-medical expenses-increase amount deductible
Last Action
To Ways & Means & Economic Development
2/10/2009