File Code: Taxes - Income
- Sponsored By:
-
Delegates Cryor, Anderson, Bates, Bohanan, Boschert, Cadden,
Dumais, Dwyer, Eckardt, Edwards, Feldman, Goldwater, Gutierrez, Hogan,
Howard, James, Jennings, Leopold, Levy, Mandel, Mayer, McComas,
McDonough, Minnick, Montgomery, Myers, Patterson, Shewell, Simmons,
Smigiel, Sossi, Trueschler, Walkup, and Weldon
- Entitled:
-
Taking Care of Our Own - Income Tax Credit for Purchase of Life
Insurance for Active Duty Military
Allowing an individual or corporation a credit against the State
income tax for 50% of the costs incurred to purchase a $250,000 life
insurance policy for an individual who is a resident of the State and
is in the active military, naval, or air service of the United States
in an area designated as a combat zone by the President of the United
States; and applying the Act to tax years after 2004.
House Action
- 2/11
- First Reading Ways and Means
- 2/15
- Hearing 2/22 at 1:00 p.m.
Senate Action
- No Action
Sponsored by:
- Delegate Jean B. Cryor, District 15
- Delegate Curt Anderson, District 43
- Delegate Gail H. Bates, District 9A
- Delegate John L. Bohanan, Jr., District 29B
- Delegate David G. Boschert, District 33A
- Delegate Joan Cadden, District 31
- Delegate Kathleen M. Dumais, District 15
- Delegate Donald H. Dwyer, Jr., District 31
- Delegate Adelaide C. Eckardt, District 37B
- Delegate George C. Edwards, District 1A
- Delegate Brian J. Feldman, District 15
- Delegate Marilyn R. Goldwater, District 16
- Delegate Ana Sol Gutierrez, District 18
- Delegate Patrick N. Hogan, District 3A
- Delegate Carolyn J. B. Howard, District 24
- Delegate Mary-Dulany James, District 34A
- Delegate J. B. Jennings, District 7
- Delegate John R. Leopold, District 31
- Delegate Murray D. Levy, District 28
- Delegate Adrienne A. Mandel, District 19
- Delegate William D. Mayer, District 35B
- Delegate Susan K. McComas, District 35B
- Delegate Pat McDonough, District 7
- Delegate Joseph J. Minnick, District 6
- Delegate Karen S. Montgomery, District 14
- Delegate LeRoy E. Myers, Jr., District 1C
- Delegate Obie Patterson, District 26
- Delegate Tanya T. Shewell, District 5A
- Delegate Luiz R. S. Simmons, District 17
- Delegate Michael D. Smigiel, Sr., District 36
- Delegate Richard A. Sossi, District 36
- Delegate John G. Trueschler, District 42
- Delegate Mary Roe Walkup, District 36
- Delegate Richard B. Weldon, Jr., District 3B
Bill indexed under the following Subjects:
- ARMED FORCES -see also- MILITIA
- INCOME TAX
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
- Tax - General
- (
10-725
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
