[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1150 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1150

   To amend the Internal Revenue Code of 1986 to provide a credit to 
            individuals for certain long-term care expenses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2005

 Ms. Ginny Brown-Waite of Florida introduced the following bill; which 
            was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to provide a credit to 
            individuals for certain long-term care expenses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CREDIT FOR CERTAIN LONG-TERM CARE EXPENSES.

    (a) In General.--Subpart A of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to nonrefundable 
personal credits) is amended by inserting after section 25B the 
following new section:

``SEC. 25C. LONG-TERM CARE EXPENSES.

    ``(a) In General.--In the case of an individual, there shall be 
allowed as a credit against the tax imposed by this chapter the amount 
of the specified long-term care expenses paid or incurred by the 
taxpayer during the taxable year.
    ``(b) Limitation.--The amount of specified long-term care expenses 
taken into account under subsection (a) with respect to any taxpayer 
for any taxable year shall not exceed $1,000 ($2,000 in the case of 
joint return).
    ``(c) Specified Long-Term Care Expenses.--For purposes of this 
section, the term `specified long-term care expenses' means--
            ``(1) premiums for coverage of the taxpayer or the 
        taxpayer's spouse or dependents under any qualified long-term 
        care insurance contract (as defined in section 7702B(b)), and
            ``(2) amounts paid or incurred, not compensated for by 
        insurance or otherwise, for qualified long-term care services 
        (as defined in section 7702B(c)) for the taxpayer or the 
        taxpayer's spouse or dependents.
    ``(d) Special Rules.--
            ``(1) Denial of double benefit.--No deduction shall be 
        allowed under this chapter for any amount taken into account in 
        determining the credit under this section.
            ``(2) Insurance which covers other individuals.--For 
        purposes of this section, rules similar to the rules of 
        paragraphs (3) and (4) of section 21(e) shall apply with 
        respect to any qualified long-term care insurance contract 
        under which amounts are payable for coverage of an individual 
        other than the taxpayer or the taxpayer's spouse or dependents.
            ``(3) Certain payments to relatives not taken into 
        account.--For purposes of this section, rules similar to the 
        rules of section 213(d)(11) shall apply.''.
    (b) Clerical Amendment.--The table of sections of such subpart is 
amended by inserting after the item relating to section 25B the 
following new item:

``Sec. 25C. Long-term care expenses.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred in taxable years beginning after the 
date of the enactment of this Act.
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