Legislation - HB1276

Title: Income Tax - Credit for Long-Term Care Premiums
Sponsored by: Delegates Howard, Buckel, Hartman, Hornberger, Miller, and Reilly
Status: In the House - Hearing 2/20 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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 a maximum of $250 for a taxable year beginning after December 31, 2025; and applying the Act to taxable years beginning after December 31, 2025.

Committees

Original:: Ways and Means

Details

Introduced in a prior session as: HB1344 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 2/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Long-Term Care Premiums Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2025	2/07/2025	First Reading Ways and Means
House	2/07/2025	2/07/2025	Hearing 2/20 at 1:00 p.m.
			Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes