The Health Care Sharing Ministries Freedom to Share Act proposes significant amendments to the Ohio Revised Code, specifically targeting health care sharing ministries and tax regulations. The bill defines "health care sharing ministry" as a nonprofit organization that facilitates the sharing of medical expenses among members with common ethical or religious beliefs. It establishes criteria for these organizations, including annual audits and disclaimers about their non-insurance status, while clarifying that they are not subject to state insurance laws. Additionally, the bill mandates that state institutions of higher education recognize participation in a health care sharing ministry as valid health care coverage for students, and it grants the attorney general the authority to determine the qualifications of such organizations.

In terms of tax provisions, the bill introduces various deductions and adjustments for Ohio taxpayers, including the ability to deduct amounts paid for membership in a health care sharing ministry. It also allows deductions for medical care insurance, unreimbursed medical expenses, military pay, and expenses related to organ donation and retirement income from uniformed services. The legislation aims to provide financial relief and clarify existing tax regulations for specific groups, including educators and veterans, while ensuring compliance with state and federal tax laws. Notably, the bill repeals existing sections 1716.01 and 5747.01, indicating a comprehensive update to the tax code.

Statutes affected:
As Introduced: 1716.01, 5747.01