MD HB1344 | 2024 | Regular Session

Note: Carry Over of previous HB1185

Status

Spectrum: Moderate Partisan Bill (Republican 15-4)
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-02-09 - Hearing 2/29 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, 2024, but before January 1, 2027, and a maximum of $500 for a taxable year beginning after December 31, 2026; and applying the Act to taxable years beginning after December 31, 2024.

Tracking Information

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Title

Income Tax - Credit for Long-Term Care Premiums

Sponsors


History

DateChamberAction
2024-02-09HouseHearing 2/29 at 1:00 p.m.
2024-02-09HouseFirst Reading Ways and Means

Same As/Similar To

HB1185 (Carry Over) 2023-02-10 - Hearing 3/02 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10718(n/a)See Bill Text

Maryland State Sources


Bill Comments

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