An Act Establishing A Tax Credit For Premium Payments For Certain Long-term Care Insurance Policies.

Also relevant to:Senior (65+, Medicare/SS)Caregiver (family or unpaid)

Where it is in the process

Plain-English Summary

To establish a tax credit equal to any increase in premium costs that exceed two per cent of premiums paid annually to purchase an individual or group long-term care insurance policy during a taxable year, and allow long-term care policyholders to carry such credit over to future taxable years.

Source: OpenStates · fetched February 17, 2026

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