Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears bill to allow up to $10,000 subtraction for dependent health premiums; advocates cite middle-income squeeze
Summary
The Senate Committee on Finance and Revenue held a public hearing April 14 on Senate Bill 1134, which would create a personal income tax subtraction for amounts a taxpayer pays for medical, dental or vision insurance premiums for a qualifying child dependent, limited to $10,000 per child and subject to income limits.
The Senate Committee on Finance and Revenue held a public hearing April 14 on Senate Bill 1134, which would create a personal income tax subtraction for amounts a taxpayer pays for medical, dental or vision insurance premiums for a qualifying child dependent, limited to $10,000 per child and subject to income limits.
Under the bill as presented, eligibility would be means‑tested: joint filers with adjusted gross income between $90,000 and $150,000 and other filers between $45,000 and $75,000 could claim the subtraction. The sponsor described the proposal as aimed at…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
