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 a taxable year beginning after December 31, 2024, but before January 1, 2027, and a maximum of $500 for a taxable year beginning after December 31, 2026; and applying the Act to taxable years beginning after December 31, 2024.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB1185 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action Hearing 2/29 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	2/09/2024	2/09/2024	First Reading Ways and Means
House	2/09/2024	2/09/2024	Hearing 2/29 at 1:00 p.m.
			Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes