Loading chat...
CT SB00813
Bill
Status
Introduced
1/31/2013
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
- Creates a $500 tax credit for Connecticut residents who purchase long-term care insurance policies as defined in state general statutes
- Unmarried individuals, married filing separately, and heads of household may claim the credit for one long-term care policy; married couples filing jointly may claim for up to two policies
- Credit applies to premiums paid during the taxable year and may only reduce tax liability to zero, not create a refund
- Effective July 1, 2013, and applicable to taxable years beginning on or after January 1, 2013
- Credit calculation excludes taxes due under sections 12-705 and 12-722 of the general statutes
Legislative Description
An Act Establishing A Tax Credit For The Purchase Of Long-term Care Insurance.
Last Action
Referred by Senate to Committee on Finance, Revenue and Bonding
5/1/2013
Committee Referrals
Finance, Revenue and Bonding5/1/2013
Insurance and Real Estate1/31/2013
Full Bill Text
No bill text available