06 LC 18
5265
House
Bill 1455
By:
Representatives Meadows of the
5th,
Smith of the
131st,
Harbin of the
118th,
Forster of the
3rd,
Holt of the
112th,
and others
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating
to income taxes, so as to provide that Georgia taxable net income of an
individual taxpayer shall not include certain unreimbursed medical expenses; to
provide for a definition; to provide for conditions and limitations; to provide
an effective date; to provide for applicability; to repeal conflicting laws; and
for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Chapter
7 of Title 48 of the Official Code of Georgia Annotated, relating to income
taxes, is amended in subsection (a) of Code Section 48-7-27, relating to
computation of taxable net income of individuals, by striking "and" at the end
of paragraph (14), by striking the period at the end of paragraph (15) and
inserting in its place "; and", and by adding a new paragraph immediately
following paragraph (15) to be designated paragraph (16) to read as
follows:
"(16)(A)
An amount equal to 100 percent of the unreimbursed medical expenses paid by the
taxpayer during the taxable year for medical care for the taxpayer and the
spouse and dependents of the taxpayer which is not otherwise deductible by the
taxpayer for federal income tax purposes.
(B)
For the purposes of this paragraph, the term:
(i)
'Medical care' means amounts paid for:
(I)
The diagnosis, cure, mitigation, treatment, or prevention of disease, or amounts
paid for the purpose of affecting any structure or function of the
body;
(II)
Transportation primarily for and essential to medical care; and
(III)
Insurance which covers medical care.
(ii)
'Unreimbursed' means amounts paid or incurred for medical care the cost of which
to the taxpayer is not reimbursed by an employer, insurance or
otherwise."
SECTION
2.
This
Act shall become effective on January 1, 2007, and shall be applicable to all
taxable years beginning on or after that date.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.