Legislative Session number- 86

Bill Name: SF0346

Creating the Minnesota long-term care savings plan; providing for an income tax
subtraction for contributions made by qualified individuals participating in the
long-term care savings plan; specifying certain duties of the commissioner of
the Minnesota management and budget department (MMB) and the state board of
investment, providing certain participation agreement authority; authorizing the
adoption of rules and regulations; creating the long-term care savings plan
trust under certain conditions, providing savings plan trust purposes,
requirements and objectives; authorizing withdrawals by qualified individuals
for long-term care expenses or insurance premiums, imposing certain
penalties
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