United States · Bill · HR
H.R. 7203 (115th)
Long-Term Care Account Act
Introduced
30 November 2018
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
11 August 2025
Summary
Long-Term Care Account Act This bill allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. The bill excludes from gross income (1) the gains that are contributed to the accounts, and (2) distributions from the accounts that are used exclusively for the long-term care expenses of the account beneficiary or the account beneficiary's spouse.
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Votes
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 30 November 2018
Introduced in House (PDF)
Introduced in House · EN · 30 November 2018
Introduced in House
summary · EN · 30 November 2018
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/7203
- Open data entity: https://api.congress.gov/v3/bill/115/hr/7203