SB 687

This bill creates a nonrefundable income tax credit for unreimbursed expenses that an individual paid for consultations, procedures, and prescribed drugs directly related to in vitro fertilization that are incurred by the individual or the individual’s spouse, not to exceed $5,000 for any tax year. To claim the credit, the amount of the claimant’s adjusted gross income may not exceed $100,000 for an individual filing a single return, $100,000 for a married individual filing a separate return, or $200,000 for married individuals filing a joint return. No individual may claim the credit for amounts paid for insurance coverage, travel, mileage, or lodging and no individual my claim the credit for amounts paid through a health savings account, medical savings account, or similar program established under state or federal law.