Legislation

Title: Income Tax - Credit for Long-Term Care Premiums
Sponsored by: Senators Klausmeier, Eckardt, Edwards, Norman, Peters, Rosapepe, and Salling
Status: In the Senate - Hearing 3/09 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, 2017, and January 1, 2018, and a maximum of $500 for the taxable year beginning January 1, 2019, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2016.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB1300

Introduced in a prior session as: SB0006 Session: 2015 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber Senate Calendar Date 2/08/2016 Legislative Date 2/05/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/10/2016 Legislative Date 2/10/2016 Action Hearing 3/09 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/08/2016	2/05/2016	First Reading Budget and Taxation
Senate	2/10/2016	2/10/2016	Hearing 3/09 at 1:00 p.m.

Documents

Date Posted	Document Name
2/09/2016	Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes