MD SB86 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-01-09 - Hearing 1/18 at 12:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-01-09 - Hearing 1/18 at 12:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Limiting eligibility for a credit against the State income tax for certain long-term care insurance premiums paid by a taxpayer for long-term care insurance purchased before January 1, 2005, to taxpayers who are at least 85 years old with a Maryland adjusted gross income of less than $100,000 for an individual or $200,000 for a joint filer; altering the maximum amount of the credit; and applying the Act to all taxable years beginning after December 31, 2023.
Title
Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-09 | Senate | Hearing 1/18 at 12:00 p.m. |
| 2024-01-10 | Senate | First Reading Budget and Taxation |
| 2023-10-25 | Senate | Pre-filed |
Same As/Similar To
HB218 (Crossfiled) 2024-01-11 - Hearing 2/01 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/SB0086?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0086f.pdf |
