Legislation - SB0155

Title: Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2025)
Sponsored by: Senators Bailey and Klausmeier
Status: In the Senate - Hearing 1/15 at 10:30 a.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, 2024.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB0327

Introduced in a prior session as: SB0086 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 10/15/2024 Legislative Date 10/15/2024 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 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 2025) Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action Hearing 1/15 at 10:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/15/2024	10/15/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2025)
Senate	1/08/2025	1/08/2025	Hearing 1/15 at 10:30 a.m.

File Code

Subjects

Statutes