Sign Up
SB 116 Connecticut Senate · 2025 Regular Session

AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.

SB 116 establishes a state tax credit for individuals who pay premiums on qualifying long-term care insurance policies. The credit covers the full amount paid for premiums on policies that provide benefits for health care services received in the insured's home. It directly affects residents purchasing such policies who file state income taxes. This policy change reduces eligible taxpayers' state income tax liability based on their premium payments.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief via credit for long-term care insurance premiums, directly reducing state income tax liability for qualifying residents.95% confidence ✓ HealthcareSupports HealthcareTax credit reduces cost for long-term care insurance, expanding access to home health care coverage. Directly supports healthcare access via financial incentive.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025 Last action Jan 8, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Jan 8, 2025
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.