HF 214

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/18/2023 01:07pm

A bill for an act
relating to taxation; individual income; allowing a subtraction for certain
expenditures for medical care and health insurance; amending Minnesota Statutes
2022, section 290.0132, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2022, section 290.0132, is amended by adding a subdivision
to read:

new text begin Subd. 31. new text end

new text begin Expenditures for medical care and health insurance. new text end

new text begin (a) The amount paid
during the taxable year for medical care is a subtraction.
new text end

new text begin (b) The subtraction under this subdivision does not include amounts:
new text end

new text begin (1) compensated by insurance or paid or reimbursed by an employer or a plan under
sections 104 (health care reimbursement accounts), 105 (accident and health plans), 125
(cafeteria and flexible spending accounts), 223 (health care savings accounts), or other
similar provisions of the Internal Revenue Code; or
new text end

new text begin (2) used to compute the credit under section 290.0672.
new text end

new text begin (c) For purposes of this subdivision, "medical care" means:
new text end

new text begin (1) amounts paid for services and goods for which a federal Medicaid match would be
available under chapter 256B, without regard to whether the provider received reimbursement
under chapter 256B; and
new text end

new text begin (2) amounts paid for insurance, as defined in section 213(d)(1)(D) of the Internal Revenue
Code.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after December
31, 2022.
new text end