- Income Tax - Credit for Long-Term Care Premiums
- Sponsored by
- Senator Klausmeier
- In the Senate - Hearing 3/11 at 1:00 p.m.
Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a maximum of $250 for a taxable year beginning after December 31, 2020, but before January 1, 2023, and a maximum of $500 for a taxable year beginning after December 31, 2022; and applying the Act to all taxable years beginning after December 31, 2020.
Bill File Type: Regular
Effective Date(s): July 1, 2020
Last Updated: 2/18/2020 12:07 PM