2007 Regular Session

SENATE BILL 859

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1073
Sponsored By:
Senator Raskin
Entitled:
Medicare Part D "Donut Hole" Tax Assistance Act

Synopsis:

Providing for a Maryland income tax subtraction modification for qualified prescription drug expenses of an individual eligible for prescription drug coverage under Part D of the Medicare Program; limiting the subtraction to 7.5% of an individual's federal adjusted gross income if the individual itemizes deductions; applying the Act to tax years after 2006; etc.

History by Legislative and Calendar Date

Senate Action
2/19
First Reading Senate Rules
3/2
Re-referred Budget and Taxation
Hearing 3/22 at 1:00 p.m.
3/12
Hearing cancelled
Hearing 3/23 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Drugs -see also- Controlled Dangerous Sub; Substance Abuse
Elderly Persons
Exemptions
Income Tax
Medical Assistance

Bill affects the following Statutes:

Tax - General
( 10-208 , 10-208 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered