2001 Regular Session

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)