MD SB58 | 2022 | Regular Session
Note: Carry Foward to future SB137
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-01-07 - Hearing 1/18 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-01-07 - Hearing 1/18 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering eligibility for and the maximum amount of a credit against the State income tax for certain long-term care insurance premiums paid by a taxpayer with a Maryland adjusted gross income of less than $250,000 for long-term care insurance purchased before January 1, 2005; and applying the Act to all taxable years beginning after December 31, 2021.
Title
Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2022)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-07 | Senate | Hearing 1/18 at 1:00 p.m. |
| 2022-01-12 | Senate | First Reading Budget and Taxation |
| 2021-10-19 | Senate | Pre-filed |
Same As/Similar To
SB58 (Carry Over) 2022-01-07 - Hearing 1/18 at 1:00 p.m.
HB62 (Crossfiled) 2022-01-07 - Hearing 1/26 at 1:00 p.m.
HB62 (Crossfiled) 2022-01-07 - Hearing 1/26 at 1:00 p.m.
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/SB0058?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0058f.pdf |
