MD SB478 | 2014 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: Introduced on January 27 2014 - 25% progression, died in committee
Action: 2014-02-12 - Hearing 2/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 27 2014 - 25% progression, died in committee
Action: 2014-02-12 - Hearing 2/12 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, 2015, and January 1, 2016, and a maximum of $500 for the taxable year beginning January 1, 2017, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2014.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-02-12 | Senate | Hearing 2/12 at 1:00 p.m. |
2014-01-27 | Senate | First Reading Budget and Taxation |
Subjects
Advertising
Health Insurance
Income Tax
Insurance Administration
Long-Term Care
Public Information
Tax Credits
Taxes - Income
Health Insurance
Income Tax
Insurance Administration
Long-Term Care
Public Information
Tax Credits
Taxes - Income