HB1158 Increases the income tax deduction for long-term health insurance from fifty to one hundred percent.
Sponsor: Boucher, Bill (48) Effective Date:00/00/0000
CoSponsor: LR Number: 2504L.01I
Last Action: 01/06/2000 - Referred: Ways and Means (H)
HB1158
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1158 Copyright(c)
* Introduced

Available Bill Text for HB1158
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1158 -- Income Tax Deduction for Long-term Care Insurance

Sponsor:  Boucher

Under current law, a resident individual taxpayer may deduct 50%
of any nonreimbursed premium paid for long-term care insurance.
The bill increases the percentage to 100% for tax year 2000.


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Last Updated October 17, 2000 at 9:55 am