3.0.0 4432 2023-01-15T04:49:02Z 2023-01-15T04:49:02Z House H HR 2004-05-20 108 hswm00 Ways and Means Committee House Standing Referred to 2004-05-20T14:06:10Z 2004-05-20 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2004-05-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-05-20 Introduced in House IntroReferral 1000 9 Library of Congress D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 N P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2004-05-20 True Taxation Caregivers Case management Commerce Consumer protection Disabled Economics and Public Finance Employee health benefits Excise tax Families Finance and Financial Sector Flexible benefit plans Health Income tax Indexing (Economic policy) Insurance premiums Labor and Employment Long-term care Long-term care insurance Medical economics Social Welfare Standards Tax credits Tax deductions Tax penalties Tax returns Taxation

00 2004-05-20 Introduced in House 2004-08-05T19:24:00Z Long-Term Care Support and Incentive Act of 2004 - Amends the Internal Revenue Code to: (1) allow a tax deduction from gross income for 50 percent of the long-term care premiums paid under a qualified long-term care insurance contract for individuals under age 65 (increases the deduction percentage to 75 percent for premiums paid for individuals age 65 or older); (2) permit qualified long-term care insurance contracts to be offered in a cafeteria plan and flexible spending arrangements under certain conditions; (3) allow a nonrefundable tax credit of $4,000, subject to a phase-out for incomes exceeding $150,000 (joint returns) or $75,000 (individuals), for each individual age 65 or older who has been certified as having long-term care needs for at least 180 consecutive days in a taxable year and for whom the taxpayer is acting as a caregiver; and (4) mandate certain consumer protections for long-term care insurance contracts.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2004-05-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr4432ih/xml/BILLS-108hr4432ih.xml 2004-05-20 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.