Legislation

Title: Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)
Sponsored by: Delegate Stewart
Status: In the House - Hearing 2/01 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Limiting eligibility for a credit against the State income tax for certain long-term care insurance premiums paid by a taxpayer for long-term care insurance purchased before January 1, 2005, to taxpayers who are at least 85 years old with a Maryland adjusted gross income of less than $100,000 for an individual or $200,000 for a joint filer; altering the maximum amount of the credit; and applying the Act to all taxable years beginning after December 31, 2023.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0086

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2024

History

Legislation History
Chamber House Calendar Date 8/28/2023 Legislative Date 8/28/2023 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024) Proceedings
Chamber House Calendar Date 1/11/2024 Legislative Date 1/11/2024 Action Hearing 2/01 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	8/28/2023	8/28/2023	Pre-filed
House	1/10/2024	1/10/2024	First Reading Ways and Means
			Text - First - Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)
House	1/11/2024	1/11/2024	Hearing 2/01 at 1:00 p.m.

File Code

Subjects

Statutes