Martin Garrick
- Republican
Author
The Personal Income Tax Law authorizes various deductions in computing income that is subject to tax under that law. This bill would, for taxable years beginning on and after January 1, 2013, allow a deduction in connection with health savings accounts in conformity with federal law. In general, the deduction would be an amount equal to the aggregate amount paid in cash during the taxable year by, or on behalf of, an eligible individual, as defined, to a health savings account of that individual, as provided. This bill would, for taxable years beginning on and after January 1, 2013, also provide related conformity to that federal law with respect to the allowance of rollovers from Archer Medical Savings Accounts, health flexible spending arrangements, or health reimbursement accounts to a health savings account, and penalties in connection therewith. This bill would take effect immediately as a tax levy.
No votes to display
In committee: Set, second hearing. Held under submission.
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
From printer. May be heard in committee February 12.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1510 | HTML |
| 01/12/12 - Introduced | |
| 04/10/12 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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