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House Finance Committee advances deduction for living organ donors' out-of-pocket costs
Summary
The committee unanimously approved House Bill 422, which would allow a personal tax deduction for unreimbursed, out-of-pocket expenses incurred by living organ donors, capping the deduction at $12,000 per donor.
The House Finance Committee unanimously approved House Bill 422, a measure to create a personal tax deduction for unreimbursed, out-of-pocket expenses incurred by living organ donors.
Committee executive director Mark Forman summarized the proposal as "a personal index deduction for unreimbursed expenses related to organ donations out of pocket." Representative Haddock, the bill's prime sponsor and a member of the committee, said, "House bill 4 22 is a personal tax deduction…
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