An Act Establishing A Deduction Against The Personal Income Tax For Home Health Care Services And Medical Supplies.
If enacted, SB00197 would amend chapter 229 of the general statutes to create a deduction of up to $60,000 against personal income taxes. This change could significantly impact state revenue, as it would reduce taxable income for individuals who utilize home health care services and medical supplies. Proponents argue that enabling a tax deduction will not only assist families in managing costs but also could reduce the burden on state-funded healthcare programs by encouraging individuals to care for their health needs at home rather than in hospital settings.
SB00197 is a proposed bill aimed at establishing a tax deduction against personal income tax for expenses incurred on home health care services and medical supplies. The bill intends to support individuals in their preference to age in place, meaning they can remain in their own homes while receiving necessary medical care and assistance. By providing financial relief through tax deductions, the bill seeks to make home health care more accessible and affordable for families and individuals, fostering a better quality of life for those who may otherwise require institutionalized care.
While the bill aims to promote aging in place, it may face contention regarding the potential implications on the state budget. Opponents could the argue that significant tax deductions could lead to decreased state revenue, thereby impacting funding for other critical services. Furthermore, there might be concerns about how the deduction is structured and whether it adequately addresses the needs of all potential beneficiaries, including low-income individuals who may not have the resources to hire home health care providers but rely on familial care instead.