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HB23-1122

Tax Credit For Purchase Long-term Care Insurance

Type Bill
Session 2023 Regular Session
Subjects
Fiscal Policy & Taxes

Concerning the modification of the state income tax credit for purchasing long-term care insurance.

Bill Summary:

Legislative Oversight Committee Concerning Tax Policy. For income tax years beginning January 1, 2024, the bill both:

  • Increases the amount of federal taxable income taxpayers may have and still qualify for the state income tax credit for purchasing long-term care insurance and annually adjusts that amount of federal taxable income for inflation; and
  • Doubles the amount of the credit that a taxpayer may claim and annually adjusts the credit for inflation.
    (Note: This summary applies to this bill as introduced.)

Status

Lost

Introduced

Lost

Related Documents & Information

Date Version Documents
01/27/2023 Introduced PDF
Date Version Documents
08/24/2023 FN3 PDF
03/30/2023 FN2 PDF
02/08/2023 FN1 PDF
Activity Vote Documents
Activity Vote Documents
Refer House Bill 23-1122 to the Committee on Appropriations. The motion passed on a vote of 11-0. Vote summary
Date Location Action
05/11/2023 House House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
02/13/2023 House House Committee on Finance Refer Unamended to Appropriations
01/27/2023 House Introduced In House - Assigned to Finance

Sponsor

Co-Sponsor