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Legislation


2011 Regular Session

SENATE BILL 703

File Code: Taxes - Income
Sponsored By:
Senators Klausmeier and Stone
Entitled:
Income Tax - Credit for Long-Term Care Premiums

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 onetime $500 credit to an annual $200 credit; applying the Act to all taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Budget and Taxation
2/16
Hearing 3/11 at 1:00 p.m.
3/2
Hearing cancelled
Hearing 3/10 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Katherine Klausmeier, District 8
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Health Insurance -see also- HMOS; Managed Care Organizations
Income Tax
Long-Term Care -see also- Continuing Care; Nursing Homes
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-718 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered