Virginia College Savings Plan; acceptance of commemorative coins minted by State Treasurer. (HB819)
Introduced By
Del. Bob Marshall (R-Manassas)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia College Savings Plan; acceptance of commemorative coins minted by the State Treasurer. Requires the Plan to accept as payment under prepaid tuition contracts and savings trust accounts gold, platinum, or silver coins minted by the State Treasurer for commemorative use. Under the bill, any gain on the sale of the coins would be deductible for Virginia income tax purposes. Amends § 23-38.81 (“Prepaid tuition contracts and savings trust agreements; terms; termination; etc.”), § 58.1-322 (“Virginia taxable income of residents.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
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