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MA H3025

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Michelle Badger

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Creates a Massachusetts state tax credit equal to 20% of premiums paid for long-term care insurance policies
  • Applies to any individual eligible for a long-term care insurance policy
  • Credit applies against the state income tax (excise due under Chapter 62)
  • Takes effect retroactively for taxable years ending on or after December 31, 2023
  • Requires the Department of Revenue commissioner to promulgate regulations for implementation

Legislative Description

Relative to long-term care insurance tax credit

Last Action

Reporting date extended to Wednesday, March 18, 2026

2/25/2026

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available