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Legislation


1999 Regular Session

SENATE BILL 156

File Code: Miscellaneous Crossfiled with: HOUSE BILL 772
Sponsored By:
Senators Hollinger, Collins, Dorman, Green, Jacobs, Blount, Lawlah, Ferguson, Sfikas, Stone, Conway, Colburn, Bromwell, Astle, Munson, Kelley, Forehand, Hooper, Teitelbaum, and Middleton
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

Senate Action
1/27
First Reading Budget and Taxation
2/3
Hearing 2/10 at 1:30 p.m.
3/22
Unfavorable Report by Budget and Taxation
House Action
No Action
Sponsored by:
Senator Paula Colodny Hollinger, District 11
Senator John C. Astle, District 30
Senator Clarence W. Blount, District 41
Senator Thomas L. Bromwell, District 8
Senator Richard F. Colburn, District 37
Senator Michael J. Collins, District 6
Senator Joan Carter Conway, District 43
Senator Arthur Dorman, District 21
Senator Timothy R. Ferguson, District 4
Senator Jennie M. Forehand, District 17
Senator Leo E. Green, District 23
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Delores G. Kelley, District 10
Senator Gloria Lawlah, District 26
Senator Thomas McLain Middleton, District 28
Senator Donald F. Munson, District 2
Senator Perry Sfikas, District 46
Senator Norman R. Stone, Jr., District 7
Senator Leonard H. Teitelbaum, District 19
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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