Passed BothConf. Cmte
- Income Tax - Credit for Long-Term Care Premiums
- Sponsored by
- Senators Klausmeier, Eckardt, Edwards, Norman, Peters, Rosapepe, and Salling
- In the Senate - Hearing 3/09 at 1:00 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, 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.
HistoryToggle History Dropdown
DocumentsToggle Documents Dropdown
|Date Posted||Document Name|
|2/09/2016||Text - First - Income Tax - Credit for Long-Term Care Premiums|
File CodeToggle Filecode Dropdown
SubjectsToggle Subjects Dropdown
StatutesToggle Statutes Dropdown
( 10-718 )
Last Updated: 2/3/2020 2:30 PM