Enact the Health Care Sharing Ministries Freedom to Share Act
What changed between versions
Expanded the definition of 'charitable organization' to include persons holding themselves out for benevolent or philanthropic purposes, not limited to tax-deductible contributions, and clarified exclusions for employers and employees incidentally soliciting contributions.
Updated the definition of 'charitable purpose' to include benevolent, philanthropic, and other eleemosynary objectives that benefit law enforcement and public safety personnel.
Added new definition for 'health care sharing ministry' with eight specific criteria including limiting participants to those sharing common ethical or religious beliefs, retaining members with medical conditions, and providing disclaimers that participation is not insurance.
Added numerous new definitions for tax purposes including 'modified business income,' 'qualifying trust amount,' 'modified nonbusiness income,' and various trust-related terms for calculating Ohio taxable income.
Added a new tax deduction under Section 5747.01(A)(44) allowing taxpayers to deduct amounts paid for participation in health care sharing ministries for themselves, spouses, and dependents.
Added Section 3333.96 requiring state institutions of higher education to accept participation in health care sharing ministries as satisfaction of health care coverage requirements.
Added new deductions and adjustments for various items including organ donation expenses, military pay, education grants, homeownership savings accounts, and venture capital operating company investments.
Updated formatting and structure of the bill text from 'As Introduced' to 'As Passed by the House' version, including reorganization of sections and addition of new sections.
