Connecticut SB00212 establishes a tax credit for increases in long-term care insurance premiums exceeding 2%.
Connecticut SB00212 creates a tax credit for individuals and groups purchasing long-term care insurance. The credit equals any increase in premium costs that exceed 2% of the annual premiums paid. Policyholders can carry this credit over to future taxable years. This measure aims to provide financial relief for those facing rising costs in long-term care insurance.
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