1997 Regular Session

HOUSE BILL 1026

File Code: Income Crossfiled with: SENATE BILL 29
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)