Income tax, state; subtraction for certain death benefit payments. (HB1535)

Introduced By

Del. John Welch (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Income tax; subtraction for certain death benefit payments. Allows a beneficiary taxpayer to subtract the death benefit payments received from an annuity contract, when calculating Virginia taxable income, that are subject to federal income taxation, for taxable years beginning on or after January 1, 2007. Read the Bill »


04/05/2006: signed by governor


01/20/2006Presented and ordered printed 066206472
01/20/2006Referred to Committee on Finance
01/24/2006Assigned to Finance sub-committee: #3 (Ware, R.L.)
02/06/2006Reported from Finance (22-Y 0-N)
02/07/2006Read first time
02/08/2006Read second time and engrossed
02/08/2006Engrossment reconsidered by House
02/08/2006Engrossed by House
02/09/2006Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/09/2006VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/09/2006Communicated to Senate
02/10/2006Constitutional reading dispensed
02/10/2006Referred to Committee on Finance
02/20/2006Fiscal impact statement from TAX (HB1535)
02/28/2006Reported from Finance (15-Y 0-N)
03/01/2006Constitutional reading dispensed (39-Y 0-N)
03/01/2006Read third time
03/01/2006Passed Senate (39-Y 0-N)
03/01/2006VOTE: (39-Y 0-N)
03/07/2006Bill text as passed House and Senate (HB1535ER)
03/07/2006Signed by Speaker
03/08/2006Signed by President
03/13/2006Fiscal impact statement from TAX (HB1535ER)
04/05/2006G Approved by Governor-Chapter 617 (effective 7/1/06)
04/12/2006G Acts of Assembly Chapter text (CHAP0617)