S.1335 - Long-Term Care and Retirement Security Act of 2003108th Congress (2003-2004)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 06/25/2003)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 06/25/2003 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.1335 — 108th Congress (2003-2004)All Information (Except Text)
Long-Term Care and Retirement Security Act of 2003 - Amends the Internal Revenue Code to allow: (1) a deduction (based on years of continuous coverage) for eligible long-term care insurance premiums for a taxpayer, spouse, and dependents, including accelerated deduction percentages for persons who are 55 years old; and (2) long-term care insurance to be offered under cafeteria plans and flexible spending arrangements.
Introduced in Senate (06/25/2003)
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.