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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY FOLMER, ALLOWAY, D. WHITE, MENSCH, RAFFERTY, ERICKSON, BROWNE, M. WHITE, PIPPY, BRUBAKER AND WAUGH, JANUARY 21, 2011 |
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| REFERRED TO FINANCE, JANUARY 21, 2011 |
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| AN ACT |
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1 | Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An |
2 | act relating to tax reform and State taxation by codifying |
3 | and enumerating certain subjects of taxation and imposing |
4 | taxes thereon; providing procedures for the payment, |
5 | collection, administration and enforcement thereof; providing |
6 | for tax credits in certain cases; conferring powers and |
7 | imposing duties upon the Department of Revenue, certain |
8 | employers, fiduciaries, individuals, persons, corporations |
9 | and other entities; prescribing crimes, offenses and |
10 | penalties," in personal income taxation, providing for a |
11 | credit against unreimbursed qualified health insurance |
12 | premium payments. |
13 | The General Assembly of the Commonwealth of Pennsylvania |
14 | hereby enacts as follows: |
15 | Section 1. The act of March 4, 1971 (P.L.6, No.2), known as |
16 | the Tax Reform Code of 1971, is amended by adding a section to |
17 | read: |
18 | Section 314.1. Unreimbursed Qualified Health Insurance |
19 | Premium Payments.--(a) A resident taxpayer shall be allowed a |
20 | credit against the tax otherwise due under this article for the |
21 | dollar amount of any unreimbursed qualified health insurance |
22 | premium payment or payments made by the taxpayer. |
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1 | (b) The credit provided under this section shall not exceed |
2 | the amount of the tax otherwise due under this article. |
3 | (c) For purposes of this section: |
4 | "Qualified health insurance." An individual or group health, |
5 | sickness or accident policy or subscriber contract or |
6 | certificate issued by an entity subject to any one of the |
7 | following: |
8 | (1) The act of May 17, 1921 (P.L.682, No.284), known as "The |
9 | Insurance Company Law of 1921." |
10 | (2) The act of December 29, 1972 (P.L.1701, No.364), known |
11 | as the "Health Maintenance Organization Act." |
12 | (3) The act of May 18, 1976 (P.L.123, No.54), known as the |
13 | "Individual Accident and Sickness Insurance Minimum Standards |
14 | Act." |
15 | (4) 40 Pa.C.S. Ch. 61 (relating to hospital plan |
16 | corporations) or 63 (relating to professional health services |
17 | plan corporations). |
18 | "Unreimbursed qualified health insurance premium payment." A |
19 | payment made by a resident taxpayer against the premium due for |
20 | the purchase of qualified health insurance, the cost of which is |
21 | not reimbursed to the taxpayer by the taxpayer's employer, the |
22 | Commonwealth, a municipality or any other entity. |
23 | Section 2. This act shall take effect in 60 days. |
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