summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to long term care insurance tax credits. Revenue.
AI Summary
This bill proposes to amend Chapter 176U of the Massachusetts General Laws by adding a new section that allows individuals eligible for long-term care insurance policies to claim a tax credit equal to 20% of the premiums paid. The credit can be claimed against the state's personal income tax (Chapter 62) for tax years ending on or after December 31, 2017. The bill also requires individuals claiming the credit to provide information as requested by the Commissioner of the Department of Revenue, who will also be responsible for promulgating regulations to implement this new tax credit.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
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/190/H2630 |
| Bill | https://malegislature.gov/Bills/190/H2630.pdf |
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