Summary: H.R.4349 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.4349. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/29/1998)

Long-Term Care Advancement Act of 1998 - Amends the Internal Revenue Code to: (1) except from the penalty tax and exclude from income amounts withdrawn from qualified retirement plans which are used to pay for premiums for qualified long-term care insurance contracts; and (2) provide a limited credit for an individual who maintains a household with a person requiring custodial care.