MD SB896 | 2016 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 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 taxable years beginning January 1, 2017, and January 1, 2018, and a maximum of $500 for the taxable year beginning January 1, 2019, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2016.

Tracking Information

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Title

Income Tax - Credit for Long-Term Care Premiums

Sponsors


History

DateChamberAction
2016-03-09SenateHearing 3/09 at 1:00 p.m.
2016-02-05SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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