MD SB86 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
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.

Tracking Information

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Title

Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2024)

Sponsors


History

DateChamberAction
2024-01-09SenateHearing 1/18 at 12:00 p.m.
2024-01-10SenateFirst Reading Budget and Taxation
2023-10-25SenatePre-filed

Same As/Similar To

HB218 (Crossfiled) 2024-01-11 - Hearing 2/01 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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