summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to long term care insurance tax credits. Revenue.
AI Summary
This bill would establish a tax credit for individuals who pay premiums for long-term care insurance policies. The credit would be equal to 20% of the premiums paid and would apply to tax years ending on or after December 31, 2019. The bill requires individuals claiming the credit to provide information to the Massachusetts Department of Revenue, which would also be responsible for promulgating regulations to implement the new tax credit.
Committee Categories
Budget and Finance
Sponsors (8)
Mike Day (D),
David DeCoste (R),
Shawn Dooley (R),
Susan Gifford (R),
Joe McKenna (R),
Matt Muratore (R),
Bruce Tarr (R),
Timothy Whelan (R),
Last Action
Accompanied a study order, see H5080 (on 11/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/H2578 |
Bill | https://malegislature.gov/Bills/191/H2578.pdf |
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