
A 2142 (see companion bill S 526) – New Jersey
Status: Inactive / DeadYear Introduced: 2018
Link: https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A2142
EXTENDS CERTAIN FEDERAL INCOME TAX ADVANTAGES OF INDIVIDUAL HEALTH SAVINGS ACCOUNTS TO INDIVIDUAL TAXPAYERS UNDER THE NEW JERSEY GROSS INCOME TAX. The bill provides a gross income tax deduction for deposits to, and an exemption for withdrawals from, health savings accounts. Individuals can use these accounts to cover out-of-pocket medical care costs under high-deductible medical care plans.
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