Income Tax - Credit for Long-Term Care Premiums (Long-Term Care Relief Act of 2025)

This bill creates a state income tax credit for Maryland residents aged 85 or older with adjusted gross income under $100,000 (single) or $200,000 (joint filers). It allows a credit equal to 100% of eligible long-term care insurance premiums paid for the taxpayer, spouse, parents, or children, capped at 15% of premiums or $1,500 per covered individual. The credit cannot be claimed for individuals covered by pre-2005 policies or for prior years, and unused credit amounts cannot be carried forward. The credit applies to taxable years beginning after December 31, 2024, and requires annual reporting on claim numbers and program impacts.