An Act relative to long-term care insurance tax credit

This bill creates a tax credit for individuals with long-term care insurance policies. It allows eligible people to claim a 20% credit against their excise tax (under Chapter 62) for premiums paid, starting in taxable years ending after December 31, 2023. To claim the credit, individuals must provide required information to the Department of Revenue, which will establish necessary regulations. The credit directly affects residents purchasing qualifying long-term care insurance policies.