Legislation

Title: Income Tax - Credit for Long-Term Care Premiums
Sponsored by: Delegates Howard, Buckel, Cox, Hornberger, Krebs, McComas, Reilly, and Saab
Status: In the House - Hearing 3/05 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering a limitation on claiming the income tax credit for eligible long-term care insurance premiums for more than 1 year with respect to the same insured individual; altering the amount of the credit from a one-time $500 credit to a maximum of $250 for a taxable year beginning after December 31, 2020, but before January 1, 2023, and a maximum of $500 for a taxable year beginning after December 31, 2022; and applying the Act to all taxable years beginning after December 31, 2019.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0786

Introduced in a prior session as: HB0836 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 2/07/2020 Legislative Date 2/07/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Long-Term Care Premiums Proceedings
Chamber House Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 3/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2020	2/07/2020	First Reading Ways and Means
			Text - First - Income Tax - Credit for Long-Term Care Premiums
House	2/10/2020	2/10/2020	Hearing 3/05 at 1:00 p.m.

File Code

Subjects

Statutes