HOUSE CONCURRENT RESOLUTION NO. 75
(By Delegates Given, Hall, Hunt, Stalnaker,
Stemple, Kominar, Collins and Yeager
)
Requesting the Joint Committee on Government and Finance to make
a study of the feasibility and possible benefits of
allowing a ten percent credit against personal income tax
for the annual amount paid for long-term health insurance
premiums.
Whereas, The cost of long-term medical and other health-
related care for catastrophic illness and the cost of insurance
premiums for these services has become almost prohibitive for
most citizens of the State; and
Whereas, A method of providing some tax credit for the annual
premiums paid on long-term health insurance premiums needs to be
considered as a reduction of these costs to the citizens;
therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to review, examine and study the feasibility, benefit
and need for granting a ten percent credit against personal
income tax for the annual amount paid for long-term health
insurance premiums, including methods and ways for the
development of such a tax credit and make recommendations
regarding the drafting and implementation of such laws; and, be
it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 1999,;
on its findings, conclusions and recommendations together with
drafts of any legislation necessary to effectuate its
recommendations; and, be it
Further Resolved, That the expenses necessary to conduct
this study, to prepare a report and to draft necessary
legislation be paid from legislative appropriations to the Joint
Committee on Government and Finance.