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Key Votes

SB 2 - Tax Benefits for Health Savings Accounts - Key Vote

Wisconsin Key Votes

Dan Kapanke voted Yea (Passage) on this Legislation.

Read statements Dan Kapanke made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Tax Benefits for Health Savings Accounts

Legislation - Bill Passed (House) (66-28) - (Key vote)

Title: Tax Benefits for Health Savings Accounts

Vote Smart's Synopsis:

Vote to pass a bill that creates a nonrefundable individual income tax credit for a health savings account that may be deducted from federal income taxes.

Highlights:
-Defines "claimant" as an individual who claims a deduction for a contribution to exempt earnings relating to a health savings account (Sec. 1). -Defines "deduction amount" as the allowable amount of a deduction claimed on a claimant's federal income tax return for a contribution to a health savings account (Sec. 1). -Authorizes an individual to claim a credit of 6.5 percent of the tax deductible amount contributed to a health savings account (Sec. 1). -Specifies that a non-resident or part-year resident of the state who is single or married but filing separately will multiply the eligible credit amount by a fraction of his or her Wisconsin gross income over his or her federal gross income (Sec. 1). -Specifies that a claimant who is or whose spouse is a non-resident or part-year resident of the state who is married and filing jointly will multiply the eligible credit amount by a fraction of their joint Wisconsin gross income over their federal joint gross income (Sec. 1). -This act is effective January 1, 2011 if it passes before July 31, 2011, and January 1, 2012 if it passes after July 31, 2011 (Sec. 4).
Legislation - Bill Passed (Senate) (21-12) - (Key vote)

Title: Tax Benefits for Health Savings Accounts

Vote Smart's Synopsis:

Vote to pass a bill that creates a nonrefundable individual income tax credit for a health savings account that may be deducted from federal income taxes.

Highlights:
-Defines "claimant" as an individual who claims a deduction for a contribution to exempt earnings relating to a health savings account (Sec. 1). -Defines "deduction amount" as the allowable amount of a deduction claimed on a claimant's federal income tax return for a contribution to a health savings account (Sec. 1). -Authorizes an individual to claim a credit of 6.5 percent of the tax deductible amount contributed to a health savings account (Sec. 1). -Specifies that a non-resident or part-year resident of the state who is single or married but filing separately will multiply the eligible credit amount by a fraction of his or her Wisconsin gross income over his or her federal gross income (Sec. 1). -Specifies that a claimant who is or whose spouse is a non-resident or part-year resident of the state who is married and filing jointly will multiply the eligible credit amount by a fraction of their joint Wisconsin gross income over their federal joint gross income (Sec. 1). -This act is effective January 1, 2011 if it passes before July 31, 2011, and January 1, 2012 if it passes after July 31, 2011 (Sec. 4).
Legislation - Introduced (Senate) -

Title: Tax Benefits for Health Savings Accounts

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