HOUSE DOCKET, NO. 1714        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2578

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Mathew J. Muratore

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to long term care insurance tax credit.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Mathew J. Muratore

1st Plymouth

1/11/2019

Michael S. Day

31st Middlesex

2/1/2019

David F. DeCoste

5th Plymouth

1/25/2019

Shawn Dooley

9th Norfolk

1/23/2019

Susan Williams Gifford

2nd Plymouth

1/29/2019

Joseph D. McKenna

18th Worcester

1/29/2019

Bruce E. Tarr

First Essex and Middlesex

1/30/2019

Timothy R. Whelan

1st Barnstable

1/22/2019


HOUSE DOCKET, NO. 1714        FILED ON: 1/17/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2578

By Mr. Muratore of Plymouth, a petition (accompanied by bill, House, No. 2578) of Mathew J. Muratore and others relative to long term care insurance tax credits.  Revenue.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2630 OF 2017-2018.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act relative to long term care insurance tax credit.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Chapter 176U of the General Laws, as appearing in the 2016 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, 2019.  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, 2019.