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HB 5018

Connecticut - Session 2026

House in_committee 2026-02-04
Bill Details

Title: AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR CERTAIN PAYMENTS RECEIVED FROM AN INSURANCE COMPANY.

Summary

To establish a personal income tax deduction for the portion of any payment from an insurance company received by a taxpayer (1) in exchange for a buyout or cancellation of a long-term care insurance policy, and (2) that is properly includable in gross income for federal income tax purposes.

Sponsor
Gary Turco
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-03 Introduced Bill introduced
2026-02-04 Status in_committee
2026-02-04 Latest Action REF. TO JOINT COMM. ON
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