CHAPTER NUMBER: 7
File Code: Income
Prior Year Introduction As: SB 30/97 - B&T
- Sponsored By:
-
Senators Hollinger, Dorman, Green, Haines, Craig, Derr,
Middleton, Hoffman, Boozer,
Currie, Fry, Kasemeyer, Lawlah, McFadden, Munson, Neall, Ruben, and Van
Hollen
- Entitled:
-
Tax Credit for Employer-Provided Long-Term Care Insurance
Allowing credits, subject to a limitation, 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 that provide long-term care insurance as part of an employee
benefits package; providing for the calculation of the credit and for
the carryover of unused credit under specified circumstances;
requiring specified reports; and applying the Act to tax years after
1998.
Senate Action
- 2/6
- First Reading Budget and Taxation
- 2/11
- Hearing 2/18 at 2:00 p.m.
- 3/16
- Favorable with Amendments Report by Budget and Taxation
- 3/17
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/19
- Third Reading Passed (47-0)
- 4/10
- Senate Concur - House Amendments
- Third Reading Passed (47-0)
- Passed Enrolled
- 4/14
- Signed by the Governor Chapter 7
House Action
- 3/20
- First Reading Ways and Means
- 3/25
- Hearing 3/31 at 1:00 p.m.
- 4/8
- Favorable with Amendments Report by Ways and Means
- 4/3
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/4
- Third Reading Passed with Amendments (133-2)
- Sponsored by:
- Senator Paula Colodny Hollinger, District 11
- Senator F. Vernon Boozer, District 9
- Senator David R. Craig, District 34
- Senator Ulysses Currie, District 25
- Senator John W. Derr, District 3
- Senator Arthur Dorman, District 21
- Senator Donald C. Fry, District 35
- Senator Leo E. Green, District 23
- Senator Larry E. Haines, District 5
- Senator Barbara A. Hoffman, District 42
- Senator Edward J. Kasemeyer, District 12
- Senator Gloria Gary Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Thomas McLain Middleton, District 28
- Senator Donald F. Munson, District 2
- Senator Robert R. Neall, District 33
- Senator Ida G. Ruben, District 20
- Senator Christopher Van Hollen, Jr., District 18
- 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
- LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES
- REPORTS -see also- RECORDS
- REVENUE AND TAXES -see also specific taxes -
- 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:
- Senate
- Number: 029416/1 (PDF) Offered on: March 17, 1998 at:
11:48 a.m. Status: Adopted
- House
- Number: 845349/1 (PDF) Offered on: April 8, 1998 at:
10:32 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 19, 1998: Third Reading Passed (47-0)
- April 10, 1998: Third Reading Passed (47-0)
- House
- April 4, 1998: Third Reading Passed (133-2)
