Income tax, state; increases long-term care insurance credit. (SB341)

Introduced By

Sen. Steve Newman (R-Forest) with support from co-patrons Sen. Dick Black (R-Leesburg), and Sen. Frank Ruff (R-Clarksville)

Progress

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

Description

Income tax; long-term care insurance credit. Increases the amount of the credit an individual may claim for long-term care insurance premiums from 15 percent to 30 percent of the amount of the premiums paid. The bill would be effective for taxable years beginning on or after January 1, 2012. Amends § 58.1-339.11, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

  • 01/10/2012 Prefiled and ordered printed; offered 01/11/12 12102486D
  • 01/10/2012 Referred to Committee on Finance
  • 02/14/2012 Reported from Finance (15-Y 0-N) (see vote tally)
  • 02/15/2012 Read first time
  • 02/16/2012 Read second time and engrossed
  • 02/17/2012 Read third time and passed Senate (40-Y 0-N) (see vote tally)
  • 02/20/2012 Impact statement from TAX (SB341)
  • 02/20/2012 Placed on Calendar
  • 02/20/2012 Read first time
  • 02/20/2012 Referred to Committee on Finance
  • 02/20/2012 Assigned Finance sub: #3
  • 02/27/2012 Continued to 2013 in Finance
  • 11/29/2012 Left in Finance