Indiana Code 6-3-2-28. Deduction for qualified health care sharing expenses
(1) “Health care sharing ministry” has the meaning set forth in IC 27-1-2.1-1.
Terms Used In Indiana Code 6-3-2-28
- adjusted gross income: shall mean the following:
(a) In the case of all individuals, "adjusted gross income" (as defined in Section 62 of the Internal Revenue Code), modified as follows:
Indiana Code 6-3-1-3.5
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) “Qualified individual” means an individual who is:
(A) a resident of Indiana; and
(B) a member of a health care sharing ministry for at least one (1) month during a taxable year for which the qualified individual claims a deduction under this section.
(b) Each taxable year, a qualified individual is entitled to a deduction from the qualified individual’s adjusted gross income for the taxable year equal to the total amount of qualified health care sharing expenses paid by the qualified individual during the taxable year.
(c) To receive the deduction allowed by this section, a qualified individual must claim the deduction on the qualified individual’s annual state tax return or returns in the manner prescribed by the department. The qualified individual shall submit to the department any information that the department determines is necessary to calculate the amount of the deduction allowed by this section.
As added by P.L.194-2023, SEC.17.