Passed BothConf. Cmte
- Income Tax - Credit for Long-Term Care Premiums
- Sponsored by
- Senator Klausmeier
- In the Senate - Hearing 1/24 at 2:15 p.m.
- Fiscal and Policy Note
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, 2019, and January 1, 2020, and a maximum of $500 for the taxable year beginning January 1, 2021, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2018.
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2018
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( 10-718 )
Last Updated: 2/3/2020 2:33 PM