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| 2 | 2 | | HOUSE DOCKET, NO. 574 FILED ON: 1/10/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. 3025 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Michelle L. Badger |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to long-term care insurance tax credit. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Michelle L. Badger1st Plymouth1/10/2025 1 of 2 |
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| 16 | 16 | | HOUSE DOCKET, NO. 574 FILED ON: 1/10/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. 3025 |
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| 18 | 18 | | By Representative Badger of Plymouth, a petition (accompanied by bill, House, No. 3025) of |
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| 19 | 19 | | Michelle L. Badger relative to long term care insurance tax credits. Revenue. |
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| 20 | 20 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 21 | 21 | | SEE HOUSE, NO. 2903 OF 2023-2024.] |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Fourth General Court |
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| 25 | 25 | | (2025-2026) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act relative to long-term care insurance tax credit. |
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| 28 | 28 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 29 | 29 | | of the same, as follows: |
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| 30 | 30 | | 1 SECTION 1. Chapter 176U of the General Laws, as appearing in the 2022 Official |
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| 31 | 31 | | 2Edition, is hereby amended by inserting after section 9 the following section:- |
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| 32 | 32 | | 3 Section 10. Any individual eligible for a long-term care insurance policy shall be allowed |
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| 33 | 33 | | 4a credit as hereinafter provided against the excise due under chapter 62 of the General Laws for |
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| 34 | 34 | | 5taxable years ending on or after December 31, 2023. The amount of the credit shall be equal to |
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| 35 | 35 | | 620 percent of the premiums paid. |
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| 36 | 36 | | 7 An individual claiming a credit under this section shall furnish such information relative |
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| 37 | 37 | | 8to the credit as may be requested by the commissioner of the department of revenue in a form |
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| 38 | 38 | | 9approved by him, and the commissioner shall promulgate such regulations as are necessary to |
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| 39 | 39 | | 10implement this section. 2 of 2 |
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| 40 | 40 | | 11 SECTION 2. This act shall take effect for taxable years ending on or after December 31, |
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| 41 | 41 | | 122023. |
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