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Legislation


2007 Regular Session

SENATE BILL 529

File Code: Taxes - Income
Sponsored By:
Senators Madaleno and Kramer
Entitled:
Income Tax - Subtraction Modification for Health Insurance and Medical Expenses

Synopsis:

Providing a subtraction modification under the Maryland income tax for the costs of health insurance and other medical expenses incurred by an individual on behalf of another individual; providing that the subtraction may not be claimed for any deductible costs or any pre-tax health insurance premiums or other pre-tax health benefit; providing that the subtraction may not exceed $5,000 for any taxable year; applying the Act to tax years after December 31, 2006; etc.

History by Legislative and Calendar Date

Senate Action
2/2
First Reading Budget and Taxation
2/7
Hearing 2/28 at 1:00 p.m.
3/12
Withdrawn
House Action
No Action

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator Rona E. Kramer, District 14

Bill indexed under the following Subjects:

Exemptions
Health -see also- Mental Health
Health Insurance -see also- HMOS; Managed Care Organizations
Income Tax

Bill affects the following Statutes:

Tax - General
( 10-208 , 10-208 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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