Bill > S1607

This bill establishes a new tax credit for individuals who purchase hearing aids, allowing them to claim a credit equal to thirty percent of the hearing aid's cost or $400, whichever is less, with a limit of one hearing aid every five years, and if the credit reduces their tax liability to zero, they will receive a refund for the excess credit amount. Additionally, the bill expands an existing exemption from sales tax (Chapter 64H is the sales tax law) to include materials and devices used for monitoring diabetes, such as blood glucose monitoring strips, in addition to insulin.