Delegate Roger Manno's tax credit bill to offset out-of-pocket costs incurred by seniors under the Medicare Part D Prescription Drug Program. HB 1073 is strongly supported by AARP and United Seniors of Maryland.

HOUSE BILL 1073
File Code: Taxes - Income
Crossfiled with: SENATE BILL 859
Sponsored By:
Delegates Manno, Hammen, Hubbard, and Rudolph
Entitled:
Medicare Part D "Donut Hole" Tax Assistance Act

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Synopsis:
Providing for a Maryland income tax subtraction modification for qualified prescription drug expenses of an individual eligible for prescription drug coverage under Part D of the Medicare Program; limiting the subtraction to 7.5% of an individual's federal adjusted gross income if the individual itemizes deductions; applying the Act to tax years after 2006; etc


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History by Legislative and Calendar Date
House Action
2/9
First Reading Ways and Means
2/14
Hearing 3/15 at 1:00 p.m.
Senate Action
No Action

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Sponsored by:
Delegate Roger Manno, District 19
Delegate Peter A. Hammen, District 46
Delegate James W. Hubbard, District 23A
Delegate David D. Rudolph, District 34B

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Bill indexed under the following Subjects:
Drugs -see also- Controlled Dangerous Sub; Substance Abuse
Elderly Persons
Exemptions
Income Tax
Medical Assistance

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Bill affects the following Statutes:
Tax - General

( 10-208 , 10-208 )



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Documents:
Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled


Fiscal and Policy Note (Displayed in PDF Format): Available


Amendments: None offered