Bob Huff
- 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, 2015, 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, 2015, 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.
From committee without further action.
Set, first hearing. Failed passage in committee. (Ayes 2. Noes 5. Page 3256.) Reconsideration granted.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
April 23 hearing rescheduled for April 24.
Set for hearing April 23.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
From printer. May be acted upon on or after March 21.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1035 | HTML |
| 02/18/14 - Introduced | |
| 03/24/14 - Amended Senate | |
| 04/10/14 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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