MD HB1237 | 2022 | Regular Session
Note: Carry Foward to future HB1185
Note: Carry Over of previous HB1377
Note: Carry Over of previous HB1377
Status
Spectrum: Strong Partisan Bill (Republican 14-1)
Status: Introduced on February 11 2022 - 25% progression, died in committee
Action: 2022-02-11 - Hearing 3/02 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2022 - 25% progression, died in committee
Action: 2022-02-11 - Hearing 3/02 at 1:00 p.m.
Pending: House Ways and Means 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, 2022, but before January 1, 2025, and a maximum of $500 for a taxable year beginning after December 31, 2024; applying the Act to taxable years beginning after December 31, 2022; etc.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-11 | House | Hearing 3/02 at 1:00 p.m. |
| 2022-02-11 | House | First Reading Ways and Means |
Same As/Similar To
HB1237 (Carry Over) 2022-02-11 - Hearing 3/02 at 1:00 p.m.
HB1377 (Carry Over) 2021-03-01 - First Reading House Rules and Executive Nominations
HB1377 (Carry Over) 2021-03-01 - First Reading House Rules and Executive Nominations
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 718 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1237?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb1237f.pdf |
