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 maximum of $250 for taxable years beginning January 1, 2016, and January 1, 2017, and a maximum of $500 for the taxable year beginning January 1, 2018, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2015.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0006

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber House Calendar Date 2/12/2015 Legislative Date 2/13/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/18/2015 Legislative Date 2/18/2015 Action Hearing 3/10 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2015	2/13/2015	First Reading Ways and Means
House	2/18/2015	2/18/2015	Hearing 3/10 at 1:00 p.m.

Documents

Date Posted	Document Name
2/13/2015	Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes