Legislation

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 a credit of $250 for taxable years beginning January 1, 2015 and January 1, 2016, and $500 for the taxable year beginning January 1, 2017 and each taxable year thereafter; requiring a public awareness campaign; and applying the Act to all taxable years beginning after December 31, 2014.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Introduced in a prior session as: HB0578 Session: 2013 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber House Calendar Date 1/31/2014 Legislative Date 2/03/2014 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/06/2014 Legislative Date 2/06/2014 Action Hearing 2/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/31/2014	2/03/2014	First Reading Ways and Means
House	2/06/2014	2/06/2014	Hearing 2/25 at 1:00 p.m.

Documents

Date Posted	Document Name
2/04/2014	Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes