Legislation

Title: Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)
Sponsored by: Senator Klausmeier
Status: In the Senate - Hearing 1/18 at 12:00 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:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0218

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2024

History

Legislation History
Chamber Senate Calendar Date 10/25/2023 Legislative Date 10/25/2023 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Budget and Taxation 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 Senate Calendar Date 1/09/2024 Legislative Date 1/09/2024 Action Hearing 1/18 at 12:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/25/2023	10/25/2023	Pre-filed
Senate	1/10/2024	1/10/2024	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)
Senate	1/09/2024	1/09/2024	Hearing 1/18 at 12:00 p.m.

File Code

Subjects

Statutes