- Income Tax - Credit for Long-Term Care Premiums
- Sponsored by
- Delegates Hubbard, Afzali, Aumann, Barkley, Barnes, Barve, Bates, Boteler, Cullison, Elliott, Frank, Frush, Gaines, George, Guzzone, Holmes, Hough, Howard, Impallaria, Ivey, Kaiser, A. Kelly, Kramer, Krebs, Luedtke, McConkey, A. Miller, Myers, Nathan-Pulliam, Niemann, O'Donnell, Pena-Melnyk, Proctor, Ready, Serafini, Smigiel, Sophocleus, Summers, Valentino-Smith, Walker, and Wood
- In the House - Hearing 2/25 at 1:00 p.m.
- Fiscal and Policy Note
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 credit of $250 for taxable years beginning January 1, 2015 and January 1, 2016, and $500 for the taxable year beginning January 1, 2017 and each taxable year thereafter; requiring a public awareness campaign; and applying the Act to all taxable years beginning after December 31, 2014.
Bill File Type: Regular
Effective Date(s): July 1, 2014
|Date Posted||Document Name|
|2/04/2014||Text - First - Income Tax - Credit for Long-Term Care Premiums|
( 10-718 )
Last Updated: 2/3/2020 2:29 PM