Income tax, state; deduction for those age 62 and over. (HB483)

Introduced By

Del. Jeff Frederick (R-Woodbridge)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Income tax; age deduction. Reinstates the $6,000 and $12,000 deduction for taxpayers aged 62 through 64, and 65 and older, respectively, for taxable years beginning on and after January 1, 2006. However, individuals with taxable income exceeding $150,000 and married couples with taxable income exceeding $250,000 are not eligible for the deduction. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2006Prefiled and ordered printed; offered 01/11/06 063553303
01/09/2006Referred to Committee on Finance
01/18/2006Assigned to Finance sub-committee: #3 (Ware, R.L.)
01/22/2006Fiscal impact statement from TAX (HB483)
02/15/2006Left in Finance