MD SB650 | 2019 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 11-3)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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, 2019, but before January 1, 2022, and a maximum of $500 for a taxable year beginning after December 31, 2021; and applying the Act to all taxable years beginning after December 31, 2019.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-28 | Senate | Hearing 3/13 at 1:00 p.m. |
| 2019-02-28 | Senate | Hearing canceled |
| 2019-02-06 | Senate | Hearing 3/06 at 1:00 p.m. |
| 2019-02-04 | Senate | First Reading Budget and Taxation |
