HOUSE BILL 1045

Sponsored By:

Delegates Redmer, Ports, Conroy, M. Burns, Greenip, Finifter, Cryor, Jacobs, Stup, Preis, Elliott, Hubbard, Hammen, Kittleman, Pitkin, Stocksdale, Schade, and Hutchins

Entitled:

Income Tax - Credit for Long-Term Care Insurance Premiums

Synopsis:

Allowing an individual a credit against the State income tax in an amount equal to 5% of the eligible long-term care insurance premiums paid by the individual for long-term care insurance covering the individual or the individual's spouse or dependent; providing that the credit does not affect the Maryland income tax treatment of any deduction or exclusion allowed for federal income tax purposes for the eligible long-term care premiums; and applying the Act to tax years beginning after 1997.

History by Legislative Date

House Action

2/13

First Reading Ways and Means

2/18

Hearing 3/5 at 2:00 p.m.

3/19

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Alfred W. Redmer, Jr., District 8

Delegate Michael W. Burns, District 32

Delegate Mary A. Conroy, District 23

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 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:

HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.

INCOME TAX

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-709 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered