HOUSE BILL 772

File Code: Miscellaneous Crossfiled with: SENATE BILL 156

Sponsored By:

Delegates Redmer, Ports, Klausmeier, Stocksdale, Finifter, Rzepkowski, Elliott, Cryor, Eckardt, O'Donnell, Parrott, Hubbard, Glassman, Boutin, Dypski, Pitkin, and James

Entitled:

Inheritance Tax - Credit for Long-Term Care Insurance Premiums

Synopsis:

Allowing a credit against the inheritance tax for premiums paid by a decedent or the decedent's heirs during the last 10 years of the decedent's life for long-term care insurance coverage for the decedent; allowing a maximum credit of $1,000; providing for apportionment of the credit among persons receiving property that passes from a decedent; and applying the Act to decedents dying on or after July 1, 1999.

History by Legislative Date

House Action

2/12

First Reading Ways and Means

2/17

Hearing 3/11 at 1:00 p.m.

3/22

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Alfred W. Redmer, Jr., District 8

Delegate Charles R. Boutin, District 34

Delegate Jean B. Cryor, District 15

Delegate Cornell N. Dypski, District 46

Delegate Adelaide C. Eckardt, District 37B

Delegate Donald B. Elliott, District 4B

Delegate Michael J. Finifter, District 11

Delegate Barry Glassman, District 35A

Delegate James W. Hubbard, District 23

Delegate Mary-Dulany James, District 34

Delegate Katherine Klausmeier, District 8

Delegate Anthony J. O'Donnell, District 29C

Delegate Joanne S. Parrott, District 35A

Delegate Joan B. Pitkin, District 23

Delegate James F. Ports, Jr., District 8

Delegate James E. Rzepkowski, District 32

Delegate Nancy Reter Stocksdale, District 5

Bill indexed under the following Subjects:

ESTATES AND TRUSTS -see also- FIDUCIARIES

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

INHERITANCE TAX

LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 7-205 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered