Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-7203115th Congress
Long-Term Care Account Act
Sponsored By: Representative Marchant, Kenny [R-TX-24]
Unknown
Summary
Long-Term Care Account Act This bill allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the long-term care expenses of the account beneficiary or the account beneficiary's spouse.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Marchant, Kenny [R-TX-24]
TX • R
Cosponsors
Rep. Higgins, Brian [D-NY-26]
NY • D
Sponsored 11/30/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov