Income tax, state; increases long-term care insurance credit. (HB505)

Introduced By

Del. Scott Garrett (R-Lynchburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; long-term care insurance credit.  Increases the amount of the credit an individual may claim for long-term care insurance premiums from 15 percent to 30 percent of the amount of the premiums paid. The bill would be effective for taxable years beginning on or after January 1, 2012. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2012Committee
01/10/2012Prefiled and ordered printed; offered 01/11/12 12102485D
01/10/2012Referred to Committee on Finance
01/23/2012Impact statement from TAX (HB505)
02/02/2012Assigned Finance sub: #3
02/03/2012Subcommittee recommends reporting (5-Y 0-N)
02/10/2012Continued to 2013 in Finance

Duplicate Bills

The following bills are identical to this one: SB341.