2013 Regular Session



Income Tax - Credit for Long-Term Care Premiums

Sponsored by:

Senator Klausmeier


In the Senate - Hearing 1/30 at 3:00 p.m.

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 an annual $200 credit; and applying the Act to all taxable years beginning after December 31, 2013.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Klausmeier, King, Manno, Simonaire, Young, and Stone
Additional Facts:Cross-filed with: HB0578
Introduced in a prior session as: SB0035 Session: 2012 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2013
Budget and Taxation  Listen to Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):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
Statutes:Article - Tax - General

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October 24, 2017 1:07 P.M.