Proposed S.B. No. 212
Session Year 2026
AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.
To establish a tax credit equal to any increase in premium costs that exceed two per cent of premiums paid annually to purchase an individual or group long-term care insurance policy during a taxable year, and allow long-term care policyholders to carry such credit over to future taxable years.
