US SB2759 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 7 2016 - 25% progression, died in committee
Action: 2016-04-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 7 2016 - 25% progression, died in committee
Action: 2016-04-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Credit for Caring Act of 2016 This bill amends the Internal Revenue Code to allow an eligible caregiver a new tax credit for 30% of the cost of long-term care expenses that exceed $2,000, up to $3,000 in a taxable year. The bill defines "eligible caregiver" as an individual who pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs and who has earned income for the taxable year in excess of $7,500.
Title
Credit for Caring Act of 2016
Sponsors
| Sen. Joni Ernst [R-IA] | Sen. Michael Bennet [D-CO] | Sen. Kelly Ayotte [R-NH] | Sen. Elizabeth Warren [D-MA] |
| Sen. Tammy Baldwin [D-WI] | Sen. Jon Tester [D-MT] | Sen. Mark Kirk [R-IL] | Sen. Edward Markey [D-MA] |
| Sen. Shelley Capito [R-WV] | Sen. Angus King [I-ME] | Sen. Charles Schumer [D-NY] | Sen. Richard Blumenthal [D-CT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-07 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB4708 (Related) 2016-03-03 - Referred to the House Committee on Ways and Means.
Subjects
Health care costs and insurance
Income tax credits
Long-term, rehabilitative, and terminal care
Taxation
Income tax credits
Long-term, rehabilitative, and terminal care
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2759/all-info |
| Text | https://www.congress.gov/114/bills/s2759/BILLS-114s2759is.pdf |
