HB25-1045
Modify Long-Term Care Insurance Income Tax Credit
| Type | Bill |
|---|---|
| Session | 2025 Regular Session |
| Subjects |
Concerning the modification of the state income tax credit for purchasing long-term care insurance.
Bill Summary:
- Increases the amount of federal taxable income a taxpayer may have and still qualify for the state income tax credit for purchasing long-term care insurance and annually adjusts that federal taxable income amount for inflation; and
- Doubles the amount of the credit a taxpayer may claim and, for income tax years commencing on or after January 1, 2026, annually adjusts the credit amount for inflation.
(Note: This summary applies to this bill as introduced.)
Committees
House
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/08/2025 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 25-1045 to the Committee on Appropriations. | The motion failed on a vote of 4-9. | Vote summary |
| Postpone House Bill 25-1045 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 9-4. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 01/27/2025 | House | House Committee on Finance Postpone Indefinitely |
| 01/08/2025 | House | Introduced In House - Assigned to Finance |
Prime Sponsor
Sponsor
Co-Sponsor
(None)