File Code: Taxes - Income
Prior Year Introduction As: SB 157/99 - B&T
- Sponsored By:
-
Senators Hollinger, Ruben, Middleton, Lawlah, Munson, DeGrange,
Collins, Dorman, Green, Jacobs, Blount, Ferguson, Sfikas, Teitelbaum,
Stone, Conway, Colburn, Bromwell, Astle, Kelley, Forehand, Hooper,
Roesser, Pinsky, Frosh, and Mooney
- Entitled:
-
Income Tax - Credit for Long-Term Care Insurance Premiums
Allowing an individual a credit against the State income tax in the
amount of 25% of long-term care insurance premiums paid by the
individual for the individual or the individual's spouse, parent,
stepparent, child, or stepchild if the insured is a Maryland resident;
limiting the credit to $100 for each insured; requiring the
Comptroller to report to the Governor and General Assembly regarding
the credit annually beginning December 1, 2005; applying the Act to
tax years after 1999; etc.
Senate Action
- 1/21
- First Reading Budget and Taxation
- 1/26
- Hearing 2/16 at 1:30 p.m.
- 3/24
- Unfavorable Report by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Paula C. 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 James E. DeGrange, Sr., District 32
- Senator Arthur Dorman, District 21
- Senator Timothy R. Ferguson, District 4
- Senator Jennie M. Forehand, District 17
- Senator Brian E. Frosh, District 16
- 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 M. Middleton, District 28
- Senator Alexander X. Mooney, District 3
- Senator Donald F. Munson, District 2
- Senator Paul G. Pinsky, District 22
- Senator Jean W. Roesser, District 15
- Senator Ida G. Ruben, District 20
- Senator Perry Sfikas, District 46
- Senator Norman R. Stone, Jr., District 7
- Senator Leonard H. Teitelbaum, District 19
- Bill indexed under the following Subjects:
- COMPTROLLER
- HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
- INCOME TAX
- LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
- REPORTS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statute:
- Tax - General
- (
10-718
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
