MD HB1185 | 2023 | Regular Session
Note: Carry Foward to future HB1344
Note: Carry Over of previous HB1237
Note: Carry Over of previous HB1237
Status
Spectrum: Moderate Partisan Bill (Republican 19-5)
Status: Introduced on February 10 2023 - 25% progression, died in committee
Action: 2023-02-10 - Hearing 3/02 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2023 - 25% progression, died in committee
Action: 2023-02-10 - 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, 2023, but before January 1, 2026, and a maximum of $500 for a taxable year beginning after December 31, 2025; applying the Act to taxable years beginning after December 31, 2023; etc.
Title
Income Tax - Credit for Long-Term Care Premiums
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-10 | House | Hearing 3/02 at 1:00 p.m. |
| 2023-02-10 | House | First Reading Ways and Means |
Same As/Similar To
HB1185 (Carry Over) 2023-02-10 - Hearing 3/02 at 1:00 p.m.
HB1237 (Carry Over) 2022-02-11 - Hearing 3/02 at 1:00 p.m.
HB1237 (Carry Over) 2022-02-11 - Hearing 3/02 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/HB1185?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb1185f.pdf |
