AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN PAYMENTS RECEIVED FROM AN INSURANCE COMPANY.
To establish a personal income tax deduction for the portion of any payment from an insurance company received by a taxpayer (1) in exchange for a buyout or cancellation of a long-term care insurance policy, and (2) that is properly includable in gross income for federal income tax purposes.
Introduced by:
Rep. Gary A. Turco, 27th Dist.Rep. Mike Demicco, 21st Dist.
| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Proposed Bill [doc] |
| Committee Actions | |
| FIN Vote Tally Sheet (Reserved for Subject Matter Public Hearing) |
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Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 2/20/2025 | Public Hearing 02/26 | ||
| 2/18/2025 | (FIN) | Reserved for Subject Matter Public Hearing | |
| 1/14/2025 | Referred to Joint Committee on Finance, Revenue and Bonding |
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