Description: State income tax credit for purchase of private insurance to cover long-term care insurance.
Bill Text: [Introduced]
History of Actions:
|1||01/11 (S) Referred To Finance|
|2||02/21 (S) Died In Committee|
|Effective date||January 1, 2007|
|Vote type required||Three/Fifths|
Principal Author: Nunnelee
Title: AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR PREMIUMS PAID DURING THE TAXABLE YEAR FOR CERTAIN QUALIFIED LONG-TERM CARE INSURANCE POLICIES; TO LIMIT THE MAXIMUM AMOUNT OF THE CREDIT; TO PROVIDE THAT ANY UNUSED TAX CREDIT SHALL NOT BE ALLOWED TO BE CARRIED FORWARD TO APPLY TO THE TAXPAYER'S SUCCEEDING YEARS' TAX LIABILITY; AND FOR RELATED PURPOSES.
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