Income tax, state; credit for disabled military veterans. (HB1020)
Introduced By
Del. Terry Kilgore (R-Gate City) with support from co-patron Del. Jeff Campbell (R-Marion)
Progress
✓ |
Introduced |
✗ |
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 2014 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. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/08/2014 | Committee |
| 01/08/2014 | Prefiled and ordered printed; offered 01/08/14 14100265D |
| 01/08/2014 | Referred to Committee on Finance |
| 01/27/2014 | Impact statement from TAX (HB1020) |
| 01/28/2014 | Assigned Finance sub: Subcommittee #3 |
| 01/31/2014 | Subcommittee recommends laying on the table |
| 02/12/2014 | Left in Finance |
Comments
How about Virginia join the other 25 states in this great nation and drop military pensions from state income tax altogether. There are many military bases in the commonwealth. If the assembly is unwilling to lookout for veterans with a tax credit, lets look at closing these Virginia bases and sending active duty personnel to other states that don't tax pensions.