Bill Text: PA SB501 | 2009-2010 | Regular Session | Introduced

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Bill Title: In personal income taxation, providing for a credit against unreimbursed qualified health insurance premium payments.

Spectrum: Partisan Bill (Republican 11-0)

Status: (Introduced - Dead) 2009-03-02 - Referred to FINANCE [SB501 Detail]

Download: Pennsylvania-2009-SB501-Introduced.html

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PRINTER'S NO. 508
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 501 Session of2009
INTRODUCED BY FOLMER, BROWNE, ALLOWAY, EARLL, ERICKSON, VANCE, PICCOLA, WAUGH, WONDERLING, M. WHITE AND D. WHITE, MARCH 2, 2009
REFERRED TO FINANCE, MARCH 2, 2009
AN ACT
Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An
act relating to tax reform and State taxation by codifying
and enumerating certain subjects of taxation and imposing
taxes thereon; providing procedures for the payment,
collection, administration and enforcement thereof; providing
for tax credits in certain cases; conferring powers and
imposing duties upon the Department of Revenue, certain
employers, fiduciaries, individuals, persons, corporations
and other entities; prescribing crimes, offenses and
penalties," in personal income taxation, providing for a
credit against unreimbursed qualified health insurance
premium payments.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of March 4, 1971 (P.L.6, No.2), known as
the Tax Reform Code of 1971, is amended by adding a section to
read:
Section 314.1. Unreimbursed Qualified Health Insurance
Premium Payments.--(a) A resident taxpayer shall be allowed a
credit against the tax otherwise due under this article for the
dollar amount of any unreimbursed qualified health insurance
premium payment or payments made by the taxpayer.
(b) The credit provided under this section shall not exceed
the amount of the tax otherwise due under this article.
(c) For purposes of this section:
"Qualified health insurance." An individual or group health,
sickness or accident policy or subscriber contract or
certificate issued by an entity subject to any one of the
following:
(1) The act of May 17, 1921 (P.L.682, No.284), known as "The
Insurance Company Law of 1921."
(2) The act of December 29, 1972 (P.L.1701, No.364), known
as the "Health Maintenance Organization Act."
(3) The act of May 18, 1976 (P.L.123, No.54), known as the
"Individual Accident and Sickness Insurance Minimum Standards
Act."
(4) 40 Pa.C.S. Ch. 61 (relating to hospital plan
corporations) or 63 (relating to professional health services
plan corporations).
"Unreimbursed qualified health insurance premium payment." A
payment made by a resident taxpayer against the premium due for
the purchase of qualified health insurance, the cost of which is
not reimbursed to the taxpayer by the taxpayer's employer, the
Commonwealth, a municipality or any other entity.
Section 2. This act shall take effect in 60 days.
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