2005 House Bill 4790

Authorize personal medical savings accounts

Introduced in the House

May 17, 2005

Introduced by Rep. Kevin Green (R-77)

To authorize personal medical savings accounts to pay for long-term health care expenses. House Bill 4791 makes annual contributions to the accounts of up to $5,000 ($10,000 for those filing jointly) deductible from the state income tax, and also exempts interest earned on the account from income tax.

Referred to the Committee on Tax Policy

April 26, 2006

Reported without amendment

With the recommendation that the bill be referred to the Committee on Insurance.

Referred to the Committee on Insurance

April 27, 2006

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.