INCOME TAX DEDUCTION:
HEALTH INSURANCE
House Bill 4745
Sponsor: Rep. Nancy Quarles
Committee: Tax Policy
Complete to 8-9-01
A SUMMARY OF HOUSE BILL 4745 AS INTRODUCED 5-8-01
The bill would amend the Income Tax Act to allow a taxpayer to deduct from adjusted gross income premiums paid in the tax year to obtain health care benefits, effective with tax years beginning after December 31, 2000.
The term "health care benefits" refers to coverage under a dental, hospital, surgical, or medical expense-incurred policy, certificate, or contract issued by a commercial health insurance company; dental, hospital, surgical, or medical benefits under a certificate issued by Blue Cross and Blue Shield of Michigan; or dental benefits provided under a contract issued by a nonprofit dental care corporation (such as Delta Dental).
MCL 206.30aa
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This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.