CT SB00173

Adds a new deduction to Connecticut's income tax code allowing taxpayers to deduct long-term care insurance premiums paid during the taxable year.

Defines eligible long-term care insurance policies as those defined in sections 38a-501, 38a-528, or issued pursuant to section 38a-475 of Connecticut general statutes.

Applies retroactively to tax years commencing on or after January 1, 2014.

Modifies section 12-701(a)(20) of Connecticut general statutes by adding the long-term care insurance premium deduction as clause (xx) to the list of subtractions from federal adjusted gross income when calculating Connecticut adjusted gross income.