2007 House Bill 4776

Authorize personal long term health care savings accounts

Introduced in the House

May 16, 2007

Introduced by Rep. Kevin Green (R-77)

To authorize tax-exempt long term health care savings accounts. House Bill 4777 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 Senior Health, Security, and Retirement