2001 Regular Session

HOUSE BILL 280

CHAPTER NUMBER: 459 File Code: Taxes - Income Crossfiled with: SENATE BILL 148
Sponsored By:
Delegate Hixson
Entitled:
Credit for Long-Term Care Insurance Premiums

Synopsis:

Clarifying that the amount of the credit allowed against the State income tax for specified long-term care insurance premiums paid by an individual for any taxable year may not exceed the State income tax for that taxable year and that any unused credit for a taxable year may not be carried over to any other taxable year; and applying the Act to tax years after 1999.

History by Legislative Date

House Action
1/25
First Reading Ways and Means
2/7
Hearing 2/21 at 11:00 a.m.
3/5
Favorable Report by Ways and Means
3/6
Favorable Report Adopted
Second Reading Passed
3/8
Third Reading Passed (138-0)
4/1
Returned Passed
5/15
Signed by the Governor Chapter 459
Senate Action
3/9
First Reading Budget and Taxation
4/3
Favorable Report by Budget and Taxation
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (46-0)
Bill indexed under the following Subjects:
HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS
INCOME TAX
LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-718 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 8, 2001: Third Reading Passed (138-0)
Senate
April 2, 2001: Third Reading Passed (46-0)