March 15, 2012
AGING COMMITTEE BILLS FAVORABLY REPORTED TO THE FINANCE, REVENUE, AND BONDING COMMITTEE
By: Nicole Dube, Associate Analyst
You asked for a brief summary of bills the Aging Committee favorably report to the Finance Committee.
SB 178, AN ACT CONCERNING INCOME TAX DEDUCTIONS FOR LONG-TERM CARE INSURANCE PREMIUMS
This bill allows taxpayers to deduct long-term care insurance premiums from their state income tax.
Effective Date: Upon passage and applicable to tax years starting on or after January 1, 2012.