2006 Regular Session

SENATE BILL 716

File Code: Taxes - Income
Sponsored By:
Senators Hollinger, Brinkley, Brochin, Colburn, Conway, Forehand, Frosh, Gladden, Green, Grosfeld, Jacobs, Kasemeyer, Kelley, Middleton, Pinsky, Stone, and Teitelbaum
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; lowering the amount of the income tax credit that may be claimed for eligible long-term care premiums after the first year the credit is claimed; and applying the Act to tax years after 2005.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/8
Hearing 2/22 at 1:00 p.m.
2/15
Hearing cancelled
Hearing 2/22 at 12:30 p.m.
House Action
No Action

Sponsored by:

Senator Paula C. Hollinger, District 11
Senator David R. Brinkley, District 4
Senator Jim Brochin, District 42
Senator Richard F. Colburn, District 37
Senator Joan Carter Conway, District 43
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Lisa A. Gladden, District 41
Senator Leo E. Green, District 23
Senator Sharon M. Grosfeld, District 18
Senator Nancy Jacobs, District 34
Senator Edward J. Kasemeyer, District 12
Senator Delores G. Kelley, District 10
Senator Thomas M. Middleton, District 28
Senator Paul G. Pinsky, District 22
Senator Norman R. Stone, Jr., District 6
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 (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered