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Bill > AB727


CA AB727

CA AB727
Income tax: health savings accounts.


summary

Introduced
02/16/2021
In Committee
01/04/2022
Crossed Over
Passed
Dead
02/01/2022

Introduced Session

2021-2022 Regular Session

Bill Summary

An act to amend, repeal, and add Sections 17072, 17131.4, 17131.5, 17215.1, and 17215.4 of, and to add and repeal Section 17217 of, the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

AI Summary

This bill, for taxable years beginning on or after January 1, 2022, and before January 1, 2027, would allow a deduction in computing adjusted gross income in connection with health savings accounts (HSAs) in conformity with federal law. The bill would also provide related conformity to federal law with respect to the allowance of rollovers from Archer Medical Savings Accounts, health flexible spending arrangements, or health reimbursement accounts to an HSA, and penalties in connection therewith. The bill would repeal its provisions on December 31, 2027.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (on 02/01/2022)

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