HB61 Alabama 2011 Session

Under existing law, in addition to any other Alabama income tax deduction that a qualifying employee may be entitled to with respect to the payment of health insurance premiums, qualifying employees are allowed to deduct from Alabama gross income 50 percent of the amounts they pay as health insurance premiums as part of an employer provided health insurance plan provided by a qualifying employer.

Under existing law, in addition to any other Alabama income tax deduction that a qualifying employer may be entitled to with respect to the payment of health insurance premiums paid on behalf of qualifying employees, a qualifying employer is allowed as a deduction in the computation of Alabama taxable income 50 percent of the amounts they pay as health insurance premiums on behalf of qualifying employees in connection with an employer provided health insurance plan.

This bill, in addition to any other Alabama income tax deduction that a qualifying employee may be entitled to with respect to the payment of health insurance premiums, would allow qualifying employees to deduct from Alabama gross income 100 percent of the amounts they pay as health insurance premiums as part of an employer provided health insurance plan provided by a qualifying employer.

This bill would also provide, in addition to any other Alabama income tax deduction that a qualifying employer may be entitled to with respect to the payment of health insurance premiums paid on behalf of qualifying employees, that a qualifying employer would be allowed as a deduction in the computation of Alabama taxable income 100 percent of the amounts the employer pays as health insurance premiums on behalf of qualifying employees in connection with an employer provided health insurance plan.

Amending Section 40-18-15.3 of the Code of Alabama 1975, to allow, in addition to any other Alabama income tax deduction that a qualifying employee may be entitled to with respect to the payment of health insurance premiums, qualifying employees to deduct from Alabama gross income 100 percent of the amounts they pay as health insurance premiums as part of an employer provided health insurance plan provided by a qualifying employer; and to provide, in addition to any other Alabama income tax deduction that a qualifying employer may be entitled to with respect to the payment of health insurance premiums paid on behalf of qualifying employees, that a qualifying employer is allowed as a deduction in the computation of Alabama taxable income 100 percent of the amounts the employer pays as health insurance premiums on behalf of qualifying employees in connection with an employer provided health insurance plan.