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