An Act Concerning A Personal Income Tax Deduction For Individuals Who Receive All Appropriate Health Screenings As Recommended By The American Medical Association.
If enacted, SB00077 would modify state tax regulations concerning personal income tax deductions. This change signifies a shift towards incentivizing residents to engage in preventive health measures. By aligning tax deductions with health screenings recommended by a recognized authority like the AMA, the bill promotes awareness and participation in routine health checks. This could potentially lead to early detection of health issues, which corresponds with broader public health goals of reducing long-term healthcare costs and improving population health outcomes.
SB00077 proposes a personal income tax deduction for individuals who receive all appropriate health screenings and tests as recommended by the American Medical Association (AMA). The intention of this bill is to encourage preventive healthcare by allowing taxpayers to deduct expenses associated with health screenings from their adjusted gross income (AGI). The deduction is limited to the total cost of healthcare insurance premiums and deductibles paid by the individual, aiming to alleviate some financial burden associated with preventative medical services.
Notably, the bill could face debates over its implications for state tax revenues and the potential administrative complexities of implementing such a tax deduction. There may be concerns expressed by stakeholders regarding whether the financial benefits of tax deductions will effectively lead to increased participation in preventive health measures. Additionally, disparities in access to healthcare services may be highlighted, as individuals in different socioeconomic situations may face barriers to receiving the recommended screenings and tests, raising questions about equity in public health policy.