Today's Law As Amended


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AB-1018 Income taxes: deduction: medical expenses.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 17131.11 is added to the Revenue and Taxation Code, to read:

17131.11.
 (a) For each taxable year beginning on or after January 1, 2013, gross income shall not include ____ dollars ($____) of qualified expenses.
(b) For purposes of this section, “qualified expenses” means expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, the taxpayer’s spouse or registered domestic partner, or a dependent, for any of the following:
(1) Medical care, as defined by Section 213 of the Internal Revenue Code, relating to medical, dental, etc., expenses.
(2) Preventative care, as that term is used in Section 223(c)(2)(C) of the Internal Revenue Code, relating to high deductible health plan.
(3) Care provided for an elderly dependent within the taxpayer’s home or at a day facility.
(c) The exclusion from gross income under this section shall be in addition to any deduction for qualified expenses that is allowed under Section 17201, relating to a deduction for unreimbursed expenses paid for medical care.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect.