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Legislation


1999 Regular Session

HOUSE BILL 772

File Code: Miscellaneous Crossfiled with: SENATE BILL 156
Sponsored By:
Delegates Redmer, Ports, Klausmeier, Stocksdale, Finifter, Rzepkowski, Elliott, Cryor, Eckardt, O'Donnell, Parrott, Hubbard, Glassman, Boutin, Dypski, Pitkin, and James
Entitled:
Inheritance Tax - Credit for Long-Term Care Insurance Premiums

Synopsis:

Allowing a credit against the inheritance tax for premiums paid by a decedent or the decedent's heirs during the last 10 years of the decedent's life for long-term care insurance coverage for the decedent; allowing a maximum credit of $1,000; providing for apportionment of the credit among persons receiving property that passes from a decedent; and applying the Act to decedents dying on or after July 1, 1999.

History by Legislative Date

House Action
2/12
First Reading Ways and Means
2/17
Hearing 3/11 at 1:00 p.m.
3/22
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Alfred W. Redmer, Jr., District 8
Delegate Charles R. Boutin, District 34
Delegate Jean B. Cryor, District 15
Delegate Cornell N. Dypski, District 46
Delegate Adelaide C. Eckardt, District 37B
Delegate Donald B. Elliott, District 4B
Delegate Michael J. Finifter, District 11
Delegate Barry Glassman, District 35A
Delegate James W. Hubbard, District 23
Delegate Mary-Dulany James, District 34
Delegate Katherine Klausmeier, District 8
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Joan B. Pitkin, District 23
Delegate James F. Ports, Jr., District 8
Delegate James E. Rzepkowski, District 32
Delegate Nancy Reter Stocksdale, District 5
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.
INHERITANCE TAX
LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 7-205 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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