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 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.

Committees

Original:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: HB1365

Introduced in a prior session as: SB0650 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 2/03/2020 Legislative Date 2/03/2020 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 2/18/2020 Legislative Date 2/18/2020 Action Hearing 3/11 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/03/2020	2/03/2020	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Long-Term Care Premiums
Senate	2/18/2020	2/18/2020	Hearing 3/11 at 1:00 p.m.

File Code

Subjects

Statutes