Loading chat...
OH SB163
Bill
Status
7/30/2013
Primary Sponsor
Timothy Schaffer
Click for details
AI Summary
-
Amends section 5747.01 of the Revised Code to change the medical expense deduction threshold from seven and one-half percent to one percent of federal adjusted gross income.
-
Allows individuals to deduct unreimbursed medical expenses for the taxpayer, spouse, and dependents to the extent such expenses exceed one percent of federal adjusted gross income.
-
Applies to taxable years beginning on or after January 1, 2013.
-
Significantly expands the medical expense deduction by lowering the threshold requirement, making more medical expenses eligible for deduction.
Legislative Description
To increase the amount of unreimbursed medical expenses that an individual may deduct in computing Ohio income tax.
Income tax-unreimbursed medical expense deduction-increase amount
Last Action
To Ways & Means
7/30/2013