Oklahoma Bill Would Reimburse Uninsured Tax Penalties

Uninsured Oklahoma residents would receive reimbursement for the tax penalty federally imposed under a bill proposed by Republican State Representative Jon Echols.

The bill would allow Oklahoma residents to take a state tax credit if they are subject to the federal fine for being uninsured after the March 31, 2014 deadline, according to a Tulsa World report.

Approximately 73,000 Oklahoma residents would face a fine for failure to have health insurance in 2014. "I wanted to start a discussion as to what avenues the state of Oklahoma can take to push back on an overreaching government," said Rep. Echols, in a statement." All the state of Oklahoma would be doing is making its citizens whole by not taking their money."

The measure passed a House committee by a vote of 15-5.

More Articles on Healthcare Legislation:

House Bill Would Repeal PPACA Medical Device Tax
New Jersey Bill Would Ensure Hospitals' Power is Restored ASAP in Emergencies
Legislation Would Keep Physician EHR Holdouts in Massachusetts From Losing Their Licenses Next Year 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>