MD SB75 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-24 - Hearing 1/24 at 2:15 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2018 - 25% progression, died in committee
Action: 2018-01-24 - Hearing 1/24 at 2:15 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 taxable years beginning January 1, 2019, and January 1, 2020, and a maximum of $500 for the taxable year beginning January 1, 2021, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2018.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-01-24 | Senate | Hearing 1/24 at 2:15 p.m. |
2018-01-10 | Senate | First Reading Budget and Taxation |
2017-10-18 | Senate | Pre-filed |