HR 2096
108th Congress
House
Taxation
Caregivers
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
Long-Term Care and Retirement Security Act of 2003
Introduced: May 14, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2003
Referred to the House Committee on Ways and Means.
May 14, 2003
Introduced in House
Plain-English summary
Long-Term Care and Retirement Security Act of 2003 - Amends the Internal Revenue Code to allow: (1) a deduction (increasing percentages with full deductibility as of 2008) for eligible long-term care insurance premiums for a taxpayer, spouse, and dependents and (2) long-term care insurance to be offered under cafeteria plans and flexible spending arrangements.
Allows an income-adjusted (limited) credit for eligible individuals with long-term care needs.
Sets forth specified requirements for qualifying long-term care insurance contracts.
Treats an exchange of qualified long-term care insurance contracts as a disposition of property for which no gain or loss is recognized.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1