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Bill > HB05026
CT HB05026
CT HB05026An Act Establishing A Personal Income Tax Deduction For Long-term Care Insurance Premium Payments.
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To establish a personal income tax deduction for premiums paid for long-term care insurance.
AI Summary
This bill establishes a new personal income tax deduction, meaning individuals can subtract certain expenses from their taxable income, specifically for premiums they pay for long-term care insurance. Long-term care insurance is designed to cover costs associated with extended medical or personal care needs, often for elderly individuals, which can be very expensive. By allowing a deduction for these premiums, the bill aims to make purchasing this type of insurance more affordable and encourage more people to plan for potential future care needs.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05026&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05026-R00-HB.PDF |
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