HOUSE BILL 134

File Code: Taxes - Income

Sponsored By:

Delegates Hixson, Bozman, Healey, Howard, Marriott, and Patterson

Entitled:

Income Tax - Credit for Long-Term Care Premiums

Synopsis:

Removing limitations on an income tax credit for eligible long-term care premiums that provide that the credit may not be claimed more than once with respect to the same insured individual; reducing from $500 to $250 the amount of the income tax credit that may be claimed for eligible long-term care premiums for each insured for any taxable year; and applying the Act to tax years after 2005.

History by Legislative Date

House Action

1/16

First Reading Ways and Means

2/1

Hearing 2/16 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Sheila E. Hixson, District 20

Delegate K. Bennett Bozman, District 38B

Delegate Anne Healey, District 22

Delegate Carolyn J. B. Howard, District 24

Delegate Salima Siler Marriott, District 40

Delegate Obie Patterson, District 26

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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered