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

Plain English Breakdown

The bill status shows it was referred to a committee; final passage or enactment is not confirmed by the text provided.

Tax Credit for Home-Based Long-Term Care Insurance Premiums

This bill creates a tax credit to help people pay premiums on long-term care insurance policies that cover health services provided in their homes.

What This Bill Does

• Amends Title 12 of the general statutes to establish a new tax credit.
• Allows taxpayers to claim a credit for premium payments made toward qualifying insurance.

Who It Names or Affects

• People who buy individual long-term care insurance policies that cover home health care.
• Groups that purchase long-term care insurance coverage including benefits for at-home health care.

Limits and Unknowns

• The official text does not state the specific dollar amount or percentage of the tax credit.
• The source material does not list a date when this law will take effect.
• The document does not explain if there are income limits, maximum caps, or other rules for who qualifies.

Official Summary Text

To establish a tax credit for the amount of premiums paid to purchase an individual or group long-term care insurance policy that provides benefits for health care provided in an insured's home.

Current Bill Text

LCO No. 96 1 of 1

General Assembly Proposed Bill No. 71
February Session, 2026 LCO No. 96

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. SAMPSON, 16th Dist.

AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS
FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That title 12 of the general statutes be amended to establish a tax 1
credit for the amount of premiums paid to purchase an individual or 2
group long-term care insurance policy that provides benefits for health 3
care provided in an insured's home. 4
Statement of Purpose:
To establish a tax credit for the amount of premiums paid to purchase
an individual or group long -term care insurance policy that provides
benefits for health care provided in an insured's home.