H. B. 3166
(By Delegates J. Miller, Sumner, Cowles,
Andes and C. Miller)
[Introduced January 13, 2010; referred to the
Committee on Banking and Insurance then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-21-12i, relating
to state personal income tax credit for persons paying for
qualified medical expense or health insurance for themselves,
spouse or dependent.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-21-12i, to read as
follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-12i. Credit for qualified medical expenses; credit for
health insurance.
(a) This section may
be cited as the "Health Care
Affordability Act".
(b) Persons filing state income tax returns shall be permitted to apply a credit against their tax liability of $2,500 for single
filers and $5,000 for joint filers calculated upon:
(1)
Amounts paid by the persons for expenses incurred for
medical care, and not reimbursed by insurance or otherwise, for the
person, the person's spouse, or the person's dependents. This
calculation shall exclude any amount paid by an employer and not
reported as income.
(2)
Amounts paid by the person for expenses incurred for
health insurance for the person, the person's spouse, or the
person's dependents. This calculation shall exclude any amount
paid by an employer and not reported as income.
NOTE: The purpose of this bill is to provide tax credits to
those people paying for qualified medical expenses, or health
insurance, or both medical expenses and health insurance.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.