Income tax, state; military retirement pay subtraction. (HB130)
Introduced By
Del. Terry Kilgore (R-Gate City) with support from co-patrons Del. Gordon Helsel (R-Poquoson), Del. Don Merricks (R-Danville), Del. John O'Bannon (R-Richmond), Del. Nick Rush (R-Christiansburg), and Del. Tom Rust (R-Herndon)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax; military retirement pay subtraction. Establishes an individual income tax subtraction for annual retirement compensation received for service as a member of the Armed Forces of the United States or the Virginia National Guard. The subtraction is effective beginning with the 2012 taxable year. Amends § 58.1-322, of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
History
- 01/04/2012 Prefiled and ordered printed; offered 01/11/12 12100284D
- 01/04/2012 Referred to Committee on Finance
- 01/12/2012 Assigned Finance sub: Subcommittee #3
- 02/02/2012 Impact statement from TAX (HB130)
- 02/06/2012 Continued to 2013 in Finance
- 11/29/2012 Left in Finance
Comments
I would say honorable but your actions speak louder than your words, you had two chances to truly show your support to our Vetrens in HB 130 and HB 131 and you killed them both this session. Stop calling Virginia a Vetren friendly state or put your money where your mouth is by reinstating and passing these bills!
Darrell Johnston
The legislature is considering a bill to provide a $500 tax credit for people that telecommute to work. However they cannot provide a tax break for the state's retired veterans in a time when the economy is hurting. For the record, if someone has a job and doesn't spend money commuting to work....THEY DON'T NEED A TAX BREAK.
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