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] |
Add Notes to HB-5144
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Bill History
Date | Action Taken | ||
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1/14/2025 | Referred to Joint Committee on Finance, Revenue and Bonding |
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