An Act relative to long-term care insurance tax credit
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 3/18/2026 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 9/16/2025 | Joint | Hearing rescheduled to 09/16/2025 from 10:30 AM-12:30 PM in A-1 and Virtual — Hearing updated to New End Time |
| 9/5/2025 | Joint | Hearing scheduled for 09/16/2025 from 10:30 AM-01:00 PM in A-1 |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Favorable | 1 entries |
Chapter 176U of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 9 the following section:-
Any individual eligible for a long-term care insurance policy shall be allowed a credit as hereinafter provided against the excise due under chapter 62 of the General Laws for taxable years ending on or after December 31, 2023. The amount of the credit shall be equal to 20 percent of the premiums paid. An individual claiming a credit under this section shall furnish such information relative to the credit as may be requested by the commissioner of the department of revenue in a form approved by him, and the commissioner shall promulgate such regulations as are necessary to implement this section.
This act shall take effect for taxable years ending on or after December 31, 2023.
SECTION 1. Chapter 176U of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after section 9 the following section:- Section 10. Any individual eligible for a long-term care insurance policy shall be allowed a credit as hereinafter provided against the excise due under chapter 62 of the General Laws for taxable years ending on or after December 31, 2023. The amount of the credit shall be equal to 20 percent of the premiums paid. An individual claiming a credit under this section shall furnish such information relative to the credit as may be requested by the commissioner of the department of revenue in a form approved by him, and the commissioner shall promulgate such regulations as are necessary to implement this section. SECTION 2. This act shall take effect for taxable years ending on or after December 31, 2023.