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:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0822

Introduced in a prior session as: SB0478 Session: 2014 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2015

History

Legislation History
Chamber Senate Calendar Date 1/05/2015 Legislative Date 11/19/2014 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/05/2015 Legislative Date 1/14/2015 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/21/2015 Legislative Date 1/21/2015 Action Hearing 2/04 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action Hearing 2/04 at 2:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/05/2015	11/19/2014	Pre-filed
Senate	1/05/2015	1/14/2015	First Reading Budget and Taxation
Senate	1/21/2015	1/21/2015	Hearing 2/04 at 1:00 p.m.
Senate	2/02/2015	2/02/2015	Hearing cancelled
Senate	2/02/2015	2/02/2015	Hearing 2/04 at 2:00 p.m.

Documents

Date Posted	Document Name
1/07/2015	Text - First - Income Tax - Credit for Long-Term Care Premiums

File Code

Subjects

Statutes