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ND SB2162
Bill
Status
1/10/2011
Primary Sponsor
Gary Lee
Click for details
AI Summary
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Create a new income tax credit for taxpayers paying premiums for long-term care insurance coverage for themselves, their spouse, or both.
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Cap the credit at $250 per insured individual per taxable year for long-term care insurance premiums or qualified long-term care insurance contracts as defined in section 26.1-45-01.
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Limit the credit so it does not exceed the taxpayer's total tax liability.
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Repeal the existing long-term care insurance partnership plan premiums individual income tax credit under section 57-38-29.3.
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Make the Act effective for taxable years beginning after December 31, 2010.
Legislative Description
The long-term care insurance partnership plan premiums individual income tax credit; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 7 nays 39
2/4/2011