Income tax, state; deductions for life, medical, and dental insurance premiums for certain people. (HB518)
Introduced By
Del. Bob Purkey (R-Virginia Beach)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax deductions; life, medical, and dental insurance premiums. Provides that beginning January 1, 2012, an individual age 66 or older with earned income of at least $20,000 for the year is allowed to deduct the amount he pays annually for (i) life insurance premiums under a policy that covers him and (ii) medical and dental insurance premiums 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 12102449D
- 01/10/2012 Referred to Committee on Finance
- 01/27/2012 Impact statement from TAX (HB518)
- 02/06/2012 Continued to 2013 in Finance
- 11/29/2012 Left in Finance
Comments
Why not 62?
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