Income Tax - Credit for Long-Term Care Premiums
Sponsor: Seth A. Howard (District 30B)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/05 at 1:00 p.m. (as of Nov 6, 2020)
What this bill does
Official synopsis
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, 2020, but before January 1, 2023, and a maximum of $500 for a taxable year beginning after December 31, 2022; and applying the Act to all taxable years beginning after December 31, 2019.
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Testimony (6)
MGA witness listFAV 6Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Karkhanis, Neallobbyist | League of Life and Health Insurers of Maryland | Oral |
| FAV | Crespo, Virginialobbyist | MD Retired School Personnel Assoc (MRSPA) | Position only |
| FAV | Crespo, Virginialobbyist | MRSPA | Oral + Written (PDF) |
| FAV | Bice, Ed | NARFE | Position only |
| FAV | Doyle, Robert | NARFE | Position only |
| FAV | Delegate Howard, Delegate Howardlegislator | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVKarkhanis, NealLeague of Life and Health Insurers of MarylandRegistered for: American Council of Life Insurers; Tobacco-Free Kids Action Fund; City of Westminster; League of Life & Health Insurers of Maryland, Inc.; It Works Learning Center, Inc.; America's Health Insurance Plans…
FAVCrespo, VirginiaMD Retired School Personnel Assoc (MRSPA)Registered for: Maryland Retired School Personnel Association