File Code: Miscellaneous
Crossfiled with: HOUSE BILL 1027
- Sponsored By:
-
Senators Hollinger and Teitelbaum
- Entitled:
-
Tax Credit for Employer-Provided Long-Term Care Insurance
Allowing credits against the State income tax, insurance premiums tax,
financial institution franchise tax, and public service company
franchise tax for 5% of the costs incurred by employers to provide
long-term care insurance as part of an employee benefits package,
subject to a maximum of the lesser of $5,000 or $100 for each employee
covered by long-term care insurance provided under the employee
benefit package; providing for the carryover of unused credit; and
applying the Act to tax years after 1997.
Senate Action
- 9/5
- Pre-filed
- 1/8
- First Reading Budget and Taxation
- Hearing 1/15 at 2:00 p.m.
- 3/10
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Paula Colodny Hollinger, District 11
- Senator Leonard H. Teitelbaum, District 19
- Bill indexed under the following Subjects:
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- FRANCHISES
- HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.
- INCOME TAX
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- LONG TERM CARE
- REVENUE AND TAXES -see also specific taxes -
- TAX CREDITS
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES
- WORK, LABOR AND EMPLOYMENT -see also- LEAVE; OVERTIME
- Bill affects the following Statutes:
- Insurance
- (
6-115
)
- Tax - General
- (
8-216 ,
8-413 ,
10-708
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)