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Bill > SB00707


CT SB00707

CT SB00707
An Act Establishing A Tax Credit For Premium Payments For Certain Long-term Care Insurance Policies.


summary

Introduced
01/18/2023
In Committee
01/18/2023
Crossed Over
Passed
Dead
06/07/2023

Introduced Session

2023 General Assembly

Bill Summary

To establish a tax credit for the amount of premiums paid to purchase an individual or group long-term care insurance policy that provides benefits for health care provided in an insured's home.

AI Summary

This bill establishes a tax credit for the amount of premiums paid to purchase an individual or group long-term care insurance policy that provides benefits for health care provided in an insured's home. It aims to encourage individuals to purchase long-term care insurance policies that cover in-home healthcare, which can help reduce the financial burden of long-term care expenses.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 01/18/2023)

Bill Topics

Health
  • ‐ Long-term Care and Elderly Issues
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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