Bill
S 468
Bill S 468 offers tax credits for healthy living expenses like gym memberships and nutritious food, aiming to boost public health and support lower-income families.
Bill Number: S 468
Title: Relates to providing a tax credit for qualified expenses relating to healthy living
Status: Referred to Budget and Revenue
Introduced: January 08, 2025
Classification: Bill
Bill S 468 aims to promote healthier lifestyles among residents by providing a tax credit for certain qualified expenses related to healthy living. The intent is to encourage individuals and families to invest in their health through activities and purchases that support physical well-being.
The bill proposes the following key provisions:
Tax Credit Eligibility: Individuals and families would be eligible for a tax credit based on qualified expenses incurred for healthy living. This may include costs associated with:
Credit Amount: The bill outlines a specific percentage of qualified expenses that can be claimed as a tax credit, although the exact percentage and maximum credit amount will be determined during the legislative process.
Income Limitations: The bill may include income thresholds to ensure that the tax credit primarily benefits lower and middle-income households, promoting equitable access to healthy living resources.
Individuals and Families: The primary beneficiaries of this tax credit would be individuals and families who engage in healthy living practices and incur related expenses.
Health and Fitness Industry: Local gyms, fitness centers, health food stores, and wellness professionals may see increased patronage as more individuals seek to qualify for the tax credit.
Public Health Outcomes: By incentivizing healthy living, the bill aims to improve public health outcomes, potentially reducing healthcare costs associated with lifestyle-related diseases.
Current Status: As of January 08, 2025, the bill has been referred to the Budget and Revenue Committee for further consideration.
Related Legislation: This bill follows several prior-session bills (S 3574, S 187, S 196, S 92) that may have addressed similar themes or provisions related to health and wellness incentives.
Bill S 468 represents a legislative effort to foster healthier lifestyles through financial incentives. By providing a tax credit for qualified healthy living expenses, the bill seeks to encourage individuals to prioritize their health, potentially leading to broader public health benefits. Further discussions and amendments are expected as the bill moves through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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