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