Income tax, state; tax credit for disabled military veterans. (HB131)
Introduced By
Del. Terry Kilgore (R-Gate City) with support from 7 copatrons, whose average partisan position is:
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax credit; disabled military veterans. Establishes an individual income tax credit beginning with the 2012 taxable year for veterans with a military service-connected disability. The credit would be computed by multiplying the veteran's disability rating for the taxable year by the amount of his Virginia individual income tax liability for the year. The veteran's disability rating would be determined using the disability ratings of the U.S. Department of Veterans Affairs. View Full Text »
Outcome
Bill Has Failed
History
- 01/04/2012 Prefiled and ordered printed; offered 01/11/12 12100283D
- 01/04/2012 Referred to Committee on Finance
- 01/12/2012 Assigned Finance sub: Subcommittee #3
- 01/21/2012 Impact statement from TAX (HB131)
- 02/06/2012 Continued to 2013 in Finance
- 11/29/2012 Left in Finance
Comments
Once again the Virginia legislature prove their incapable of providing the state's most deserving citizens with a tax break. Something a majority of states in this great nation have already done. Shame on the legislature, its clear changes need to be made. Hopefully we can organize the states veterans to replace representatives that sit on their hands instead of passing sorely needed legislation.
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