Maryland Senate Bill 896 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

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 taxable years beginning January 1, 2017, and January 1, 2018, and a maximum of $500 for the taxable year beginning January 1, 2019, and for each taxable year thereafter; and applying the Act to all taxable years beginning after December 31, 2016.

Income Tax - Credit for Long-Term Care Premiums

Sen. Katherine Klausmeier [D]	Sen. Adelaide Eckardt [R]	Sen. George Edwards [R]	Sen. Wayne Norman [R]
Sen. Douglas Peters [D]	Sen. Jim Rosapepe [D]	Sen. Johnny Salling [R]

Date	Chamber	Action
2016-03-09	Senate	Hearing 3/09 at 1:00 p.m.
2016-02-05	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0896?ys=2016rs
Text	https://mgaleg.maryland.gov/2016RS/bills/sb/sb0896f.pdf
Supplement	https://mgaleg.maryland.gov/2016RS/fnotes/bil_0006/sb0896.pdf