Legislation

Title: Income Tax - Credit for Long-Term Care Premiums
Sponsored by: Senators Klausmeier, Dyson, Jacobs, Kasemeyer, King, Madaleno, Manno, Peters, Reilly, Rosapepe, and Young
Status: In the Senate - Hearing 2/12 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 taxable years beginning January 1, 2015, and January 1, 2016, and a maximum of $500 for the taxable year beginning January 1, 2017, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2014.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0023 Session: 2013 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/27/2014 Legislative Date 1/27/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Hearing 2/12 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2014	1/27/2014	First Reading Budget and Taxation
Senate	2/05/2014	2/05/2014	Hearing 2/12 at 1:00 p.m.

Documents

Date Posted	Document Name
1/28/2014	Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes