- Income Tax - Credit for Long-Term Care Premiums
- Sponsored by
- Delegates Howard, Alston, Anderton, Arentz, Baker, Buckel, Chisholm, Conaway, Griffith, Hartman, Hinebaugh, Hornberger, Mangione, McComas, Miller, T. Morgan, Otto, Reznik, Rose, Schmidt, Stonko, Taveras, Taylor, and Wivell
- In the House - Hearing 3/02 at 1:00 p.m.
- Fiscal and Policy Note
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.
Bill File Type: Regular
Effective Date(s): July 1, 2023
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Last Updated: 6/9/2023 2:51 PM