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HOUSE DOCKET, NO. 241 FILED ON: 1/11/2023
HOUSE . . . . . . . . . . . . . . . No. 2903
The Commonwealth of Massachusetts
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PRESENTED BY:
Mathew J. Muratore
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to long-term care insurance tax credit.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Mathew J. Muratore1st Plymouth1/10/2023Joseph D. McKenna18th Worcester1/31/2023 1 of 2
HOUSE DOCKET, NO. 241 FILED ON: 1/11/2023
HOUSE . . . . . . . . . . . . . . . No. 2903
By Representative Muratore of Plymouth, a petition (accompanied by bill, House, No. 2903) of
Mathew J. Muratore and Joseph D. McKenna relative to long term care insurance tax credits.
Revenue.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 3020 OF 2021-2022.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to long-term care insurance tax credit.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Chapter 176U of the General Laws, as appearing in the 2022 Official
2Edition, is hereby amended by inserting after section 9 the following section:-
3 Section 10. Any individual eligible for a long-term care insurance policy shall be allowed
4a credit as hereinafter provided against the excise due under chapter 62 of the General Laws for
5taxable years ending on or after December 31, 2023. The amount of the credit shall be equal to
620 percent of the premiums paid.
7 An individual claiming a credit under this section shall furnish such information relative
8to the credit as may be requested by the commissioner of the department of revenue in a form 2 of 2
9approved by him, and the commissioner shall promulgate such regulations as are necessary to
10implement this section.
11 SECTION 2. This act shall take effect for taxable years ending on or after December 31,
122023.