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MN SF253
Bill
Status
Introduced
1/12/2023
Primary Sponsor
Rich Draheim
Click for details
AI Summary
- Changes the long-term care insurance credit calculation from 25 percent of premiums to the full amount of premiums paid.
- Increases the maximum credit per qualified beneficiary from $100 to $250.
- Increases the maximum total annual credit for married couples filing jointly from $200 to $500.
- Increases the maximum total annual credit for all other filers from $100 to $250.
- Takes effect for taxable years beginning after December 31, 2022.
Legislative Description
Long-term care insurance credit expansion
Last Action
Author added Coleman
1/27/2023
Committee Referrals
Taxes1/12/2023
Full Bill Text
No bill text available