US SB1443 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 10-2-2)
Status: Introduced on May 14 2019 - 25% progression, died in committee
Action: 2019-05-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 14 2019 - 25% progression, died in committee
Action: 2019-05-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows an eligible caregiver a tax credit of up to $3,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines "eligible caregiver" as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
Title
Credit for Caring Act of 2019
Sponsors
| Sen. Joni Ernst [R-IA] | Sen. Michael Bennet [D-CO] | Sen. Shelley Capito [R-WV] | Sen. Elizabeth Warren [D-MA] |
| Sen. Tammy Baldwin [D-WI] | Sen. Angus King [I-ME] | Sen. Richard Blumenthal [D-CT] | Sen. Jon Tester [D-MT] |
| Sen. Christopher Coons [D-DE] | Sen. Jacky Rosen [D-NV] | Sen. Kirsten Gillibrand [D-NY] | Sen. Kyrsten Sinema [I-AZ] |
| Sen. Doug Jones [D-AL] | Sen. Margaret Hassan [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2730 (Related) 2019-05-14 - 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/116th-congress/senate-bill/1443/all-info |
| Text | https://www.congress.gov/116/bills/s1443/BILLS-116s1443is.pdf |
