Tax Credit For Purchase Long-term Care Insurance
Concerning the modification of the state income tax credit for purchasing long-term care insurance.
2023 Regular Session
Fiscal Policy & Taxes
- 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.)