SENATE BILL 467

File Code: Income

Sponsored By:

Senator Teitelbaum

Entitled:

Income Tax - Credit for Long-Term Care Expenses

Synopsis:

Allowing an individual a credit against the State income tax in an amount equal to 20% of the expenses paid by the individual for qualified long-term care services provided to the individual or the individual's spouse or dependents, subject to a maximum $300 credit for each taxable year; and applying the Act to tax years after 1996.

Legislative History

Senate Action

1/30

First Reading Budget and Taxation

2/5

Hearing 2/19 at 1:30 p.m.

3/10

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

INCOME TAX

LONG TERM CARE

TAX CREDITS

Bill affects the following Statute:

Tax - General

( 10-708 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)