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2005 SESSION

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SB 1041 Income tax, state and corporate; credit for employer provided long-term care insurance.

Introduced by: Benjamin J. Lambert III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; employer provided long-term care insurance tax credit. Grants an income tax credit to business taxpayers that provide long-term care insurance for employees. The annual credit allowed is 10 percent of the costs of the long-term care insurance premiums but no more than (i) a total of $5,000 or (ii) $100 per employee, whichever is less.


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