Virginia state lawmakers are considering a bill that would expand state tax credits for long term care insurance premiums.
The bill, H.B. 1050, would double the amount of credit an individual could take for LTC insurance to 30% of the amount of premium paid, from 15%, effective Jan. 1, 2010.
The bill is being sponsored in the General Assembly by Rep. T. Scott Garrett, R-Lynchburg, Va., and others.
