SENATE BILL 148

File Code: Taxes - Income Crossfiled with: HOUSE BILL 280

Sponsored By:

Senators Hoffman, Hollinger, and Teitelbaum

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

Senate Action

1/18

First Reading Budget and Taxation

Hearing 1/24 at 2:30 p.m.

1/29

Favorable Report by Budget and Taxation

1/30

Favorable Report Adopted

Second Reading Passed

2/1

Third Reading Passed (44-0)

4/2

Returned Passed

5/17

Governor vetoed - Cross-filed bill was signed

House Action

2/2

First Reading Ways and Means

3/14

Hearing 3/28 at 1:00 p.m.

4/4

Favorable Report by Ways and Means

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (137-1)

Sponsored by:

Senator Barbara A. Hoffman, District 42

Senator Paula C. Hollinger, District 11

Senator Leonard H. Teitelbaum, District 19

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):

Senate

February 1, 2001: Third Reading Passed (44-0)

House

March 31, 2001: Third Reading Passed (137-1)