Kaufert and Health Savings Accounts

Assembly Bill 47, introduced by Rep Kaufert, creates a non-refundable state income tax credit for contributions to health savings accounts.


According to the Legislative Reference Bureau:

Under current federal law, certain individuals may make tax-deductible contributions to health savings accounts and withdraw the money tax-free when needed to cover routine and preventive medical care.

Under this bill, an individual who makes contributions to such an account may claim a nonrefundable income tax credit for 6.5 percent of the allowable amount that the individual claims as a federal tax deduction for a contribution to a health savings account (HSA) or 6.5 percent of the federal tax-exempt earnings relating to an HSA, or both.


According to legislative fiscal estimates:

It is estimated that the revenue loss associated with this bill for fiscal year 2008 is $8.4 million. The estimated loss increases to $13.1 million in fiscal year 2009 and $17.6 million in fiscal year 2010


Questions: I am interested in what percentage of the public this bill would affect (or what percentage of the public has health savings accounts). Also, I am curious what this population's average annual income is. Finally, I am curious what percentage of this population currently does not have health coverage.