Today's Law As Amended


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AB-1289 Personal income taxes: health insurance deduction.(1999-2000)



As Amends the Law Today


SECTION 1.

 Section 17273 of the Revenue and Taxation Code is amended to read:

17273.
 For each taxable year beginning on or after January 1, 1999, Section 162(l)(1) of the Internal Revenue Code, relating to applicable percentage, is modified to provide that Section 2002 of the Tax and Trade Relief Extension Act of 1998 (P.L. 105-277), relating to phase in  phasein  of a 100-percent deduction for health insurance, shall apply.
SEC. 2.
 This act provides for a tax levy within the meaning of Article IV of the Constitution and shall go into immediate effect.