| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 2305 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 5439 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 2305 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on INSURANCE AND REAL ESTATE | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | REP. HUGHES, 135th Dist. | |
| 15 | 15 | ||
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS | |
| 19 | 19 | FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES. | |
| 20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
| 21 | 21 | Assembly convened: | |
| 22 | 22 | ||
| 23 | 23 | That the general statutes be amended to establish a tax credit up to 1 | |
| 24 | 24 | twenty per cent of premiums paid to purchase an individual or group 2 | |
| 25 | 25 | long-term care insurance policy during a taxable year, and allow long-3 | |
| 26 | 26 | term care policyholders to carry over to future taxable years any amount 4 | |
| 27 | 27 | that is in excess of such policyholder's tax liability for a taxable year. 5 | |
| 28 | 28 | Statement of Purpose: | |
| 29 | 29 | To establish a tax credit up to twenty per cent of premiums paid to | |
| 30 | 30 | purchase an individual or group long-term care insurance policy during | |
| 31 | 31 | a taxable year, and allow long-term care policyholders to carry over to | |
| 32 | 32 | future taxable years any amount that is in excess of such policyholder's | |
| 33 | 33 | tax liability for a taxable year. |