File Code: Income
Prior Year Introduction As: HB 1027/97 - W&M
- Sponsored By:
-
Delegates Redmer, Ports, M. Burns, Greenip, Finifter, Cryor,
Jacobs, Stup, Preis, Elliott, Hubbard, Hammen, Kittleman, Pitkin,
Stocksdale, Schade, Hutchins,
and Howard
- Entitled:
-
Tax Credit for Employer-Provided Long-Term Care Insurance
Allowing credits against the State income tax, insurance premiums tax,
financial institution franchise tax, and public service company
franchise tax for 5% of the costs incurred by employers to provide
long-term care insurance as part of an employee benefit package,
subject to a maximum of the lesser of $100 for each employee covered
by long-term care insurance provided under the employee benefit
package or $5,000; providing for the carryover of unused credit under
specified circumstances; etc.
House Action
- 2/13
- First Reading Ways and Means
- 2/18
- Hearing 3/5 at 2:00 p.m.
- 3/19
- Favorable with Amendments Report by Ways and Means
- 3/20
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/24
- Third Reading Passed (132-0)
- 4/4
- House Concur - Senate Amendments
- Third Reading Passed (133-2)
- Passed Enrolled
- 5/21
- Governor vetoed - Duplicative
Senate Action
- 3/25
- First Reading Budget and Taxation
- 4/6
- Favorable with Amendments Report by Budget and Taxation
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/7
- Third Reading Passed with Amendments (47-0)
- Sponsored by:
- Delegate Alfred W. Redmer, Jr., District 8
- Delegate Michael W. Burns, District 32
- Delegate Jean B. Cryor, District 15
- Delegate Donald B. Elliott, District 4B
- Delegate Michael J. Finifter, District 11
- Delegate Janet Greenip, District 33
- Delegate Peter A. Hammen, District 46
- Delegate Carolyn J. B. Howard, District 24
- Delegate James W. Hubbard, District 23
- Delegate Thomas E. Hutchins, District 28
- Delegate Nancy Jacobs, District 34
- Delegate Robert H. Kittleman, District 14B
- Delegate Joan B. Pitkin, District 23
- Delegate James F. Ports, Jr., District 8
- Delegate Mary Louise Preis, District 34
- Delegate Victoria L. Schade, District 31
- Delegate Nancy Reter Stocksdale, District 5
- Delegate J. Anita Stup, District 3
- Bill indexed under the following Subjects:
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- FRANCHISES
- HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.
- HEALTH AND MENTAL HYGIENE, DEPARTMENT OF
- INCOME TAX
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- LEGISLATIVE SERVICES, DEPARTMENT OF
- LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
- REPORTS -see also- RECORDS
- REVENUE AND TAXES -see also specific taxes -
- SUNSET
- TAX CREDITS -see also- CIRCUIT BREAKER
- UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
- WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SAL COMP.
- Bill affects the following Statutes:
- Insurance
- (
6-117
)
- Tax - General
- (
8-218 ,
8-415 ,
10-709
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- House
- Number: 305340/1 (PDF) Offered on: March 20, 1998 at:
11:27 a.m. Status: Adopted
- Senate
- Number: 489712/1 (PDF) Offered on: April 6, 1998 at:
8:51 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- House
- March 24, 1998: Third Reading Passed (132-0)
- April 4, 1998: Third Reading Passed (133-2)
- Senate
- April 7, 1998: Third Reading Passed (47-0)
