Legislation

Title: Income Tax - Credit for Long-Term Care Premiums
Sponsored by: Senators Klausmeier, Benson, Eckardt, Edwards, Kelley, Manno, Middleton, Muse, Peters, Rosapepe, Salling, and Young
Status: In the Senate - Hearing 2/15 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

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, 2018, and January 1, 2019, and a maximum of $500 for the taxable year beginning January 1, 2020, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2017.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0896 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/27/2017 Legislative Date 1/27/2017 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/27/2017 Legislative Date 1/27/2017 Action Hearing 2/15 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Long-Term Care Premiums Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2017	1/27/2017	First Reading Budget and Taxation
Senate	1/27/2017	1/27/2017	Hearing 2/15 at 1:00 p.m.
			Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes