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CT SB00178
Bill
Status
Introduced
2/22/2012
Primary Sponsor
David Scribner
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AI Summary
- Adds a new deduction to Connecticut's adjusted gross income calculation allowing taxpayers to subtract long-term care insurance premiums paid during the taxable year.
- Effective from passage and applies to taxable years beginning on or after January 1, 2012.
- Amends Connecticut General Statutes Section 12-701(a)(20) by adding subsection (xix) to the list of items subtracted from federal adjusted gross income.
- Provides tax relief for individuals purchasing long-term care insurance by allowing them to reduce their Connecticut taxable income by the amount of premiums paid.
Legislative Description
An Act Concerning Income Tax Deductions For Long-term Care Insurance Premiums.
Last Action
Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding
3/9/2012
Committee Referrals
Finance, Revenue and Bonding3/8/2012
Select Committee on Aging2/22/2012
Full Bill Text
No bill text available