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Bill > H2578


MA H2578

Relative to long term care insurance tax credit


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

Last Action

Accompanied a study order, see H5080 (on 11/02/2020)

bill text


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