HB 5304 Connecticut House · 2026 Regular Session

AN ACT CONCERNING LONG-TERM CARE INSURANCE PREMIUM RATES.

This bill (HB 5304) is mislabeled in its title; it does not address long-term care insurance premiums. Instead, it amends Connecticut’s income tax code by repealing and replacing a specific subsection (12-701(a)(20)(B)) that details allowable adjustments to gross income for tax calculation. The key provision adds detailed deductions for items like Social Security benefits (based on income thresholds), state bond interest, and certain federal tax refunds. It directly affects Connecticut taxpayers who itemize deductions under state law, particularly those with income subject to federal tax exemptions. The changes apply to taxable years starting January 1, 2026.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 19, 2026 Last action Apr 15, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Raised Bill → AGE Joint Favorable Substitute · 4 edits

MODERATE

The bill was converted from a 'Raised Bill' to a 'Joint Favorable Substitute,' indicating it has been amended and approved by both legislative chambers. The most significant substantive change is the replacement of the original tax exemption section with two new sections focused on long-term care insurance. These new sections require the Insurance Department to hold public hearings for premium rate increases exceeding 10% and mandate that insurers notify policyholders of future rate increases before issuing or renewing policies.

Scope change

The bill's scope shifted from modifying state income tax rules regarding federal tax exemptions to establishing new regulatory requirements for long-term care insurance companies and the Insurance Department.

SCOPE

Removed the entire section detailing tax deductions for various income types, including Social Security benefits, railroad retirement, and state bond interest.

REQUIREMENT

Added a requirement for the Insurance Department to hold public hearings for any long-term care premium rate increase request that exceeds ten percent.

Added a mandate that insurers must provide written notice to policyholders about the risk of future premium rate increases before selling or renewing long-term care policies.

TIMELINE

Changed the effective date of the bill's provisions from 'passage' to January 1, 2027.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 13, 2026

Lower · Passed

Joint Favorable

lower

Apr 7, 2026

Lower · Passed

REF. BY HOUSE TO COMMITTEE ON Appropriations

lower

Mar 5, 2026

Lower · Passed

Joint Favorable Substitute

lower

Feb 19, 2026

Committee

REF. TO JOINT COMM. ON Aging

lower

17 primary · 0 co-sponsors