HOUSE BILL 1026

Sponsored By:

Delegates Redmer, Rzepkowski, Elliott, Crumlin, Finifter, Ports, McKee, Baldwin, Eckardt, Walkup, Kittleman, DeCarlo, Klausmeier, Morhaim, Beck, M. Burns, Jacobs, Preis, and Schade

Entitled:

Income Tax - Credit for Long-Term Care Insurance Premiums

Synopsis:

Allowing an individual a credit against the State income tax in an amount equal to 5% of the eligible long-term care insurance premiums paid by the individual for long-term care insurance covering the individual or the individual's spouse or dependent; providing that the credit does not affect the Maryland income tax treatment of any deduction or exclusion allowed for federal income tax purposes for the eligible long-term care premiums; and applying the Act to tax years beginning after 1996.

Legislative History

House Action

2/3

First Reading Ways and Means

2/5

Hearing 2/18 at 3:00 p.m.

3/18

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Alfred W. Redmer, Jr., District 8

Delegate Robert C. Baldwin, District 33

Delegate Raymond Beck, District 39

Delegate Michael W. Burns, District 32

Delegate Michael A. Crumlin, District 25

Delegate Diane DeCarlo, District 6

Delegate Adelaide C. Eckardt, District 37B

Delegate Donald B. Elliott, District 4B

Delegate Michael J. Finifter, District 11

Delegate Nancy Jacobs, District 34

Delegate Robert H. Kittleman, District 14B

Delegate Katherine Klausmeier, District 8

Delegate Robert A. McKee, District 2A

Delegate Dan K. Morhaim, District 11

Delegate James F. Ports, Jr., District 8

Delegate Mary Louise Preis, District 34

Delegate James E. Rzepkowski, District 32

Delegate Victoria L. Schade, District 31

Delegate Mary Roe Walkup, District 36

Bill indexed under the following Subjects:

HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.

INCOME TAX

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

LONG TERM CARE

TAX CREDITS

Bill affects the following Statute:

Tax - General

( 10-708 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)