2011 Regular Session
|At the request of:|
|Bill Title:||Relating to elderly medical income tax subtraction; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
Increases age requirement for elderly medical expense subtraction for tax years beginning on or after January 1, 2011.
Further increases age requirement for tax years beginning on or after January 1, 2019. Phases out available subtraction as taxpayer's adjusted gross income increases. Transfers revenue raised by limitations on elderly medical expense subtraction to Elderly and Disabled Special Transportation Fund. Applies to tax years beginning on or after January 1, 2011. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|