legislation: 116-s-4820
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 116-s-4820 | 116 | s | 4820 | Long-Term Care Affordability Act | Taxation | 2020-10-20 | 2020-10-20 | Read twice and referred to the Committee on Finance. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 0 | Long-Term Care Affordability Act This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year. It also imposes reporting requirements on plans and insured individuals and requires a description of long-term care insurance arrangements and facts sheets for employers and workers. | 2023-01-11T13:44:23Z | https://www.congress.gov/bill/116th-congress/senate-bill/4820 |