House Sponsors: MCAULIFFE. Short description: INC TX-DEDUCT-LONG TERM CARE Synopsis of Bill as introduced: Amends the Illinois Income Tax Act. Creates an income tax deduction for individuals in an amount of up to $500 for premiums paid by a qualifying individual on a long-term care insurance policy. Provides that a qualifying individual has an annual household income of less than $60,000. Applicable to tax years beginning on or after January 1, 1998. Sunsets the deduction after 5 years. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status