Text to be removed highlighted in red.
1 New Paragraph; Taxation of Incomes; Exemption for Medical Expenses. Amend RSA 77:5 by inserting after paragraph IV the following new paragraph:
V. The amount of expenses paid for medical care during the tax year allowed as a deduction from federal taxable income under Section 213 of the United States Internal Revenue Code of 1986, as amended.
2 Applicability. This act shall apply to taxable periods ending on or after December 31, 2020.
3 Effective Date. This act shall take effect July 1, 2020.
Text to be added highlighted in green.
1 New Paragraph; Taxation of Incomes; Exemption for Medical Expenses. Amend RSA 77:5 by inserting after paragraph IV the following new paragraph:
V. The amount of expenses paid for medical care during the tax year allowed as a deduction from federal taxable income under Section 213 of the United States Internal Revenue Code of 1986, as amended.
2 Applicability. This act shall apply to taxable periods ending on or after December 31, 2020.
3 Effective Date. This act shall take effect July 1, 2020.