Income tax, state; creates deductions for life, medical, and dental insurance premiums. (HB517)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

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

Description

Individual income tax deductions; life, medical, and dental insurance premiums.  Creates individual income tax deductions beginning January 1, 2012, for (i) life insurance premiums paid by the individual for a life insurance policy covering him and (ii) medical and dental insurance premiums paid by the individual for any person for which individual tax filers may claim a deduction for such premiums under federal income tax laws. Amends § 58.1-322, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 01/10/2012 Prefiled and ordered printed; offered 01/11/12 12102432D
  • 01/10/2012 Referred to Committee on Finance
  • 01/27/2012 Impact statement from TAX (HB517)
  • 02/06/2012 Continued to 2013 in Finance
  • 11/29/2012 Left in Finance

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