Summary: H.R.275 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.275. Bill summaries are authored by CRS.

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Introduced in House (01/06/1999)

Long-Term Care Advancement Act of 1999 - Amends the Internal Revenue Code to: (1) except from the penalty tax and exclude from income amounts withdrawn from qualified retirement plans which are used to pay for premiums for qualified long-term care insurance contracts; and (2) provide a limited credit for an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.