Mississippi Legislature
2007 Regular Session

House Bill 1571

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Bill Text

History of Actions

Background

Title

Description: Income tax; authorize a credit for portion of premium paid for long-term care insurance.

Bill Text: [Introduced]

History of Actions:

1 01/23 (H) Referred To Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Holland

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.


Information pertaining to this measure was last updated on 02/21/07 at 15:45.

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2007/pdf/History/HB/HB1571.htm