I 

118TH CONGRESS 

2D SESSION H. R. 8820 

To amend the Internal Revenue Code of 1986 to provide an above-theline deduction for long-term care insurance premiums and to reduce 

certain tax credits. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 25, 2024 

Mr. BURLISON introduced the following bill; which was referred to the 

Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to provide 

an above-the-line deduction for long-term care insurance 

premiums and to reduce certain tax credits. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Improving Access to 

5 Long-Term Care Insurance Act’’. 

6 SEC. 2. DEDUCTION FOR LONG-TERM CARE INSURANCE 

7 PREMIUMS. 

8 (a) DEDUCTION NOT SUBJECT TO MINIMUM

9 AMOUNT OF EXPENSES.—Section 213 of the Internal 


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1 Revenue Code of 1986 is amended by adding at the end 

2 the following new subsection: 

3 ‘‘(f) LONG-TERM CARE INSURANCE PREMIUMS NOT

4 SUBJECT TO MINIMUM AMOUNT OF EXPENSES.—In the 

5 case of any eligible long-term care premiums taken into 

6 account under subsection (a), such subsection shall be ap7 plied— 

8 ‘‘(1) without regard to the phase ‘to the extent 

9 that such expenses exceed 7.5 percent of adjusted 

10 gross income’ for purposes of determining the deduc11 tion allowed under such subsection for such pre12 miums, and 

13 ‘‘(2) by taking such premiums into account for 

14 purposes of determining whether a deduction is al15 lowed under such subsection with respect to any 

16 other expenses paid for medical care.’’. 

17 (b) DEDUCTION ALLOWED WHETHER OR NOT TAX18 PAYER ITEMIZES DEDUCTIONS.—Section 62(a) of such 

19 Code is amended by inserting after paragraph (21) the 

20 following new paragraph: 

21 ‘‘(22) DEDUCTION FOR LONG-TERM CARE IN22 SURANCE PREMIUMS.—The deduction allowed under 

23 section 213 for eligible long-term care premiums (as 

24 defined in section 213(d)(10)).’’. 


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1 (c) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to taxable years beginning after 

3 the date of the enactment of this Act. 

4 SEC. 3. REDUCTION OF CERTAIN TAX CREDITS. 

5 (a) IN GENERAL.—Part IV of subchapter A of chap6 ter 1 of the Internal Revenue Code of 1986 is amended 

7 by adding at the end the following new subpart: 

8 ‘‘Subpart H—Reduction of Certain Credits 

‘‘Sec. 54. Reduction of certain credits. 

9 ‘‘SEC. 54. REDUCTION OF CERTAIN CREDITS. 

10 ‘‘(a) IN GENERAL.—In the case of any specified cred11 it, the amount of such credit for any taxable year shall 

12 be reduced by the applicable percentage (determined under 

13 paragraph (2) with respect to such taxable year) of such 

14 amount (determined without regard to this subsection). 

15 ‘‘(b) APPLICABLE PERCENTAGE.—For purposes of 

16 this section— 

17 ‘‘(1) IN GENERAL.—The term ‘applicable per18 centage’ means, with respect to any taxable year the 

19 due date (determined without regard to any exten20 sion) of the return of tax for which is during any fis21 cal year, the percentage which the Secretary esti22 mates will result in an increase in revenue to the 

23 Treasury during such fiscal year which is equal to 

24 the net decrease in revenue to the Treasury during 


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1 such fiscal year that the Secretary estimates will re2 sult from the amendments made by section 2 of the 

3 Improving Access to Long-Term Care Insurance 

4 Act. The applicable percentage determined under the 

5 preceding sentence with respect to any taxable year 

6 shall be made publicly available by the Secretary be7 fore the beginning of such taxable year. 

8 ‘‘(2) METHODOLOGY.—The increase and de9 crease in revenue referred to in paragraph (1) shall 

10 be determined, to the maximum extent practicable, 

11 using the same methodology as is used by the Joint 

12 Committee on Taxation to estimate the budgetary 

13 effects of legislative proposals. 

14 ‘‘(c) SPECIFIED CREDITS.—For purposes of this sec15 tion, the term ‘specified credits’ means the credits deter16 mined under sections 25C, 25D, 25E, 30B, 30C, 30D, 

17 40A, 45, 45H, 45K, 45L, 45Q, 45Y, 48A, 48B, and 

18 48E.’’. 

19 (b) CLERICAL AMENDMENT.—The table of subparts 

20 for part IV of subchapter A of chapter 1 of such Code 

21 is amended by adding at the end the following new item: 

‘‘SUBPART H—REDUCTION OF CERTAIN CREDITS’’. 

22 (c) EFFECTIVE DATE.—The amendments made by 

23 this section shall apply to taxable years beginning after 

24 the date of the enactment of this Act. 

Æ 


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