as introduced - 87th Legislature (2011 - 2012) Posted on 03/15/2012 11:57am
A bill for an act
relating to taxes; individual income; allowing a credit for uncompensated
medical care provided by physicians; amending Minnesota Statutes 2010, section
290.06, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2010, section 290.06, is amended by adding a
subdivision to read:
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(a) A credit is allowed against the tax imposed
under this chapter for uncompensated medical care provided by a physician to an eligible
individual. The credit equals 50 percent of the fair market value of uncompensated
medical care provided during the taxable year. The maximum credit allowed is $....... To
qualify for the credit, the medical care must be a medical procedure covered by Medicare.
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(b) For purposes of this subdivision, the following terms have the meanings given:
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(1) "eligible individual" means a resident of this state who is not covered by health
insurance and is a member of a household whose combined household income for the
taxable year is less than the federal poverty level for that household for the applicable
taxable year;
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(2) "fair market value of uncompensated medical care" must not exceed the
reimbursement rate authorized under Medicare for the medical procedure for which a
credit is allowed by this subdivision. Fair market value of uncompensated medical care
excludes any medical procedure for which the physician has received or sought a payment
from a health plan, government program, or patient;
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(3) "household income" has the meaning given in section 290.067, subdivision
2a; and
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(4) "physician" means a person licensed to practice medicine under chapter 147.
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(c) If the credit allowed under this subdivision exceeds the taxpayer's liability for the
taxable year, the excess is a credit carryover to each of the ... succeeding taxable years.
The entire amount of the excess unused credit must be carried first to the earliest taxable
year to which the amount may be carried. The unused portion of the credit must be carried
to the following taxable year. No credit may be carried to a taxable year more than ...
years after the taxable year in which the credit was earned.
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This section is effective for taxable years beginning after
December 31, 2011.
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