HOUSE BILL No. 1579
DIGEST OF INTRODUCED BILL
Synopsis: Tax deduction for long term care expenses. Provides that a
taxpayer is entitled to an adjusted gross income tax deduction in an
amount equal to the taxpayer's unreimbursed medical expenses for long
term care services, to the extent the expenses exceed 7.5% of the
taxpayer's federal adjusted gross income.
Effective: January 1, 2001 (retroactive).
January 17, 2001, read first time and referred to Committee on Ways and Means.
First Regular Session 112th General Assembly (2001)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
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HOUSE BILL No. 1579
A BILL FOR AN ACT to amend the Indiana Code concerning
Be it enacted by the General Assembly of the State of Indiana:
SOURCE: IC 6-3-2-19; (01)IN1579.1.1. -->
IS ADDED TO THE INDIANA CODE
AS A NEW
SECTION TO READ AS FOLLOWS [EFFECTIVE
JANUARY 1, 2001 (RETROACTIVE)]: Sec. 19. (a) As used in this
section, "taxpayer" includes an individual or a husband and wife
filing a joint return.
(b) A taxpayer is entitled to a deduction from the taxpayer's
adjusted gross income for the taxable year in an amount equal to
the taxpayer's unreimbursed medical expenses for qualified long
term care services (as defined in Section 7702B of the Internal
Revenue Code) to the extent the expenses exceed seven and
five-tenths percent (7.5%) of the taxpayer's federal adjusted gross
(c) To obtain a deduction under this section, a taxpayer must
claim the deduction on the taxpayer's annual state tax return or
returns in the manner prescribed by the department. The taxpayer
must submit to the department all information that the department
determines is necessary for the calculation of the deduction
provided by this section.
SOURCE: ; (01)IN1579.1.2. -->
SECTION 2. [EFFECTIVE JANUARY 1, 2001 (RETROACTIVE)]
, as added by this act, applies only to taxable years
beginning after December 31, 2000.
SOURCE: ; (01)IN1579.1.3. -->
SECTION 3. An emergency is declared for this act.