Bill > S03280

This bill amends the tax law to provide a tax credit of up to $1,000 for each policy of long-term care insurance premiums paid by a taxpayer. The credit was previously set at 20% of the premiums paid. The bill also updates references to relevant sections of the tax law and insurance law to align with the changes. The bill aims to incentivize the purchase of long-term care insurance to help cover the costs of long-term care services.