File Code: Miscellaneous
Crossfiled with: SENATE BILL 30
- Sponsored By:
-
Delegates Redmer, Rzepkowski, Elliott, Crumlin, Finifter, Ports, McKee,
Baldwin, Eckardt, Walkup, Kittleman, DeCarlo, Dewberry, Morhaim,
Klausmeier, Beck, M. Burns, Jacobs, and Preis
- Entitled:
-
Tax Credit for Employer-Provided Long-Term Care Insurance
Allowing credits against the State income tax, insurance premiums tax,
financial institution franchise tax, and public service company
franchise tax for 5% of the costs incurred by employers to provide
long-term care insurance as part of an employee benefit package,
subject to a maximum of the lesser of $5,000 or $100 for each employee
covered by long-term care insurance provided under the employee
benefit package; providing for the carryover of unused credit; and
applying the Act to tax years after 1997.
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 Thomas E. Dewberry, District 47B
- 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 Mary Roe Walkup, District 36
- Bill indexed under the following Subjects:
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- FRANCHISES
- HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.
- INCOME TAX
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- LONG TERM CARE
- REVENUE AND TAXES -see also specific taxes -
- TAX CREDITS
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES
- WORK, LABOR AND EMPLOYMENT -see also- LEAVE; OVERTIME
- Bill affects the following Statutes:
- Insurance
- (
6-115
)
- Tax - General
- (
8-216 ,
8-413 ,
10-708
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)