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HB 5018

Connecticut House bill in Session 2026.

Status: in_committee. Latest action: February 4, 2026.

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

Bill ID CT-2026-HB-5018
Session 2026
Status in_committee
Committee Finance, Revenue and Bonding Committee
House in_committee 2026-02-04
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
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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