Long-Term Care and Retirement Security Act of 2005
Last action on May 26, 2005Referred to the House Committee on Ways and Means.
Take Action
Summary
Long-Term Care and Retirement Security Act of 2005 - Amends the Internal Revenue Code to: (1) allow a tax deduction from gross income for long-term care insurance premiums; (2) include long-term care insurance in employee benefit cafeteria plans and flexible spending arrangements; (3) allow a tax credit for certain long-term care costs; (4) set forth certain consumer protections for long-term care insurance contracts; and (5) allow tax free exchanges of long-term care insurance contracts.
Lifecycle of the Bill
No events recorded for this stage yet.
