AN ACT

 

1Amending the act of March 4, 1971 (P.L.6, No.2), entitled "An 
2act relating to tax reform and State taxation by codifying 
3and enumerating certain subjects of taxation and imposing 
4taxes thereon; providing procedures for the payment, 
5collection, administration and enforcement thereof; providing 
6for tax credits in certain cases; conferring powers and 
7imposing duties upon the Department of Revenue, certain 
8employers, fiduciaries, individuals, persons, corporations 
9and other entities; prescribing crimes, offenses and 
10penalties," in personal income taxation, providing for a 
11credit against unreimbursed qualified health insurance 
12premium payments.

13The General Assembly of the Commonwealth of Pennsylvania
14hereby enacts as follows:

15Section 1. The act of March 4, 1971 (P.L.6, No.2), known as 
16the Tax Reform Code of 1971, is amended by adding a section to 
17read:

18Section 314.1. Unreimbursed Qualified Health Insurance
19Premium Payments.--(a) A resident taxpayer shall be allowed a
20credit against the tax otherwise due under this article for the
21dollar amount of any unreimbursed qualified health insurance
22premium payment or payments made by the taxpayer.

1(b) The credit provided under this section shall not exceed
2the 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, 
5sickness or accident policy or subscriber contract or 
6certificate issued by an entity subject to any one of the 
7following:

8(1) The act of May 17, 1921 (P.L.682, No.284), known as "The 
9Insurance Company Law of 1921."

10(2) The act of December 29, 1972 (P.L.1701, No.364), known 
11as 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 
14Act."

15(4) 40 Pa.C.S. Ch. 61 (relating to hospital plan 
16corporations) or 63 (relating to professional health services 
17plan corporations).

18"Unreimbursed qualified health insurance premium payment." A 
19payment made by a resident taxpayer against the premium due for 
20the purchase of qualified health insurance, the cost of which is 
21not reimbursed to the taxpayer by the taxpayer's employer, the 
22Commonwealth, a municipality or any other entity.

23Section 2. This act shall take effect in 60 days.