File Code: Taxes - Income
- Sponsored By:
-
Delegate Stern
- Entitled:
-
Income Tax - Credit for Prescription Drug Expenses
Allowing an individual a credit against the State income tax for 50%
of the expenses paid by the individual for specified prescription
drugs; restricting the credit to individuals who as of the last day of
the taxable year are at least 62 years old; restricting the credit to
expenses that are not compensated for by insurance or otherwise;
limiting the credit to the lesser of $1,000 or the State income tax
otherwise imposed for the taxable year; etc.
House Action
- 08/28
- Pre-filed
- 1/10
- First Reading Ways and Means
- 1/17
- Hearing 1/25 at 11:00 a.m.
- 2/26
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Bill indexed under the following Subjects:
- DRUGS -see also- CONTROLLED DANGEROUS SUB; SUBSTANCE ABUSE
- ELDERLY PERSONS
- INCOME TAX
- NONRESIDENTS -see also- ALIENS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statute:
- Tax - General
- (
10-722
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered