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SB 212 Connecticut Senate · 2026 Regular Session

AN ACT ESTABLISHING A TAX CREDIT FOR PREMIUM PAYMENTS FOR CERTAIN LONG-TERM CARE INSURANCE POLICIES.

SB 212 creates a tax credit for individuals and groups purchasing long-term care insurance policies. It credits policyholders for any annual premium increase exceeding 2% of their total premium cost, allowing them to offset future tax liability with unused credits. This directly affects long-term care insurance buyers by reducing their out-of-pocket costs when premiums rise significantly. The credit is calculated annually and can be carried forward to offset taxes in subsequent years.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for long-term care insurance premiums, reducing taxpayer liability through annual credit for premium increases exceeding 2%.90% confidence ✓ HealthcareSupports HealthcareBill reduces out-of-pocket costs for long-term care insurance, expanding access to healthcare coverage by making premiums more affordable for policyholders.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2026 Last action Feb 17, 2026
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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Feb 17, 2026
Committee
REF. TO JOINT COMM. ON Insurance and Real Estate
upper
3 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Gary Turco
Gary Turco
DDemocratic
CT
27
P
Photo of Joe Gresko
Joe Gresko
DDemocratic
CT
121
P
Photo of Saud Anwar
Saud Anwar
DDemocratic
CT
3