summary
Introduced
01/30/2023
01/30/2023
In Committee
01/30/2023
01/30/2023
Crossed Over
Passed
Dead
04/10/2023
04/10/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Income Tax - Caregiver Tax Credit FOR the purpose of allowing certain caregivers a credit against the State income tax for certain qualified expenses paid or incurred during a taxable year to provide care or support to certain qualified family members; and generally relating to an income tax credit for caregivers. BY adding to Article - Tax - General Section 10-757 Annotated Code of Maryland (2022 Replacement Volume)
AI Summary
This bill allows certain caregivers to claim a tax credit against their Maryland state income tax for qualified expenses incurred in providing care or support to certain family members. The credit is equal to 30% of qualified expenses over $2,000, up to a maximum of $5,000 or the amount of state income tax owed. Qualified expenses include costs for home modifications, equipment, home care aides, adult day care, and other support services. The caregiver's federal adjusted gross income must not exceed $75,000 for individual filers or $150,000 for joint filers. The bill takes effect on July 1, 2023 and applies to taxable years beginning after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Withdrawn by Sponsor (on 03/27/2023)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0344?ys=2023RS |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/sb0344_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0344f.pdf |
Loading...