Podcast Center
Video Center
Webcasts
Resource Center
Events
March 29, 2013 at 08:02 PM
The Illinois House Insurance Committee has kicked state House Bill 1308, a long-term care insurance (LTCI) income tax deduction bill, back to the Rules Committee.
The deadline for getting House bills through the House is April 19, and committees have been clearing their schedules by sending bills back to Rules Committee.
The Rules Committee can decide whether to bring a stalled bill back after a term has ended, or whether to put the bill together with other bills in a package.
H.B. 1308 would establish a deduction equal to the amount a taxpayer has paid for LTCI premiums during the taxable year. If the bill passed as written, t would take effect immediately.
