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 taxable years beginning January 1, 2016, and January 1, 2017, and a maximum of $500 for the taxable year beginning January 1, 2018, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2015.
Bill File Type: Regular
Effective Date(s): July 1, 2015
|Date Posted||Document Name|
|2/13/2015||Text - First - Income Tax - Credit for Long-Term Care Premiums|
( 10-718 )
Last Updated: 2/3/2020 2:29 PM