Loading chat...
MN SF1399
Bill
Status
Introduced
2/13/2025
Primary Sponsor
Bill Weber
Click for details
AI Summary
- Increases the maximum individual income tax credit for long-term care insurance premiums from $100 to $250 per qualified beneficiary
- Raises the maximum total annual credit for married couples filing jointly from $200 to $500
- Raises the maximum total annual credit for all other filers from $100 to $250
- Credit remains at 25% of premiums paid that were not deducted from taxable net income
- Effective for taxable years beginning after December 31, 2024
Legislative Description
Maximum long-term care insurance credit increase
Last Action
Author added Miller
2/20/2025
Committee Referrals
Taxes2/13/2025
Full Bill Text
No bill text available