Arizona state Rep. Steve Farley, D-Tucson, Ariz., has introduced House Bill 2713, a bill that could create a long-term care (LTC) savings account program.
One section of the bill would let an Arizona taxpayer deduct long-term care insurance (LTCI) premiums from the amount of income subject to state income taxes.
Another section would let a taxpayer deduct contributions to an LTC savings account from state taxable income.