Legislation

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, 2019, and January 1, 2020, and a maximum of $500 for the taxable year beginning January 1, 2021, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2018.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0432 Session: 2017 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 10/18/2017 Legislative Date 10/18/2017 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/10/2018 Legislative Date 1/10/2018 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Long-Term Care Premiums Proceedings
Chamber Senate Calendar Date 1/10/2018 Legislative Date 1/10/2018 Action Hearing 1/24 at 2:15 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/18/2017	10/18/2017	Pre-filed
Senate	1/10/2018	1/10/2018	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Long-Term Care Premiums
Senate	1/10/2018	1/10/2018	Hearing 1/24 at 2:15 p.m.

File Code

Subjects

Statutes