Bill > S00187

This bill provides a tax credit for qualified expenses related to healthy living, such as the purchase of exercise equipment, gym memberships, and other physical activity classes. The credit can be claimed by the taxpayer or a parent/legal guardian filing a joint return for expenses up to $1,000. The credit cannot exceed the taxpayer's tax liability for the year, but any unused amount can be carried over to the following year(s). The bill takes effect immediately and applies to taxable years starting on or after January 1 of the year following the date it becomes law.