(at the request of House Interim Committee on Revenue)
Chief Sponsors:
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Remove
Regular Sponsors:
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Bill Title:
Relating to state finance; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Modifies income tax treatment of elderly medical expense. Modifies income tax treatment of elderly medical expense. Converts itemized deduction to subtraction from federal taxable income. Phases out amount of subtraction based on income. Increases age restriction over time.
Applies to tax years beginning on or after January 1, 2013.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 2482 House Committee On Revenue
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