Income tax, state; credit for purchase of long-term care insurance. (HB786)

Introduced By

Del. Steve Landes (R-Weyers Cave) with support from 36 copatrons, whose average partisan position is:

Those copatrons are Del. Dave Albo (R-Springfield), Del. Clay Athey (R-Front Royal), Del. Bob Brink (D-Arlington), Del. Kathy Byron (R-Lynchburg), Del. Vince Callahan (R-McLean), Del. Ben Cline (R-Amherst), Del. Anne Crockett-Stark (R-Wytheville), Del. Allen Dudley (R-Rocky Mount), Del. Jeff Frederick (R-Woodbridge), Del. Tom Gear (R-Hampton), Del. Todd Gilbert (R-Woodstock), Del. Phil Hamilton (R-Newport News), Del. Tim Hugo (R-Centreville), Del. Chris Jones (R-Suffolk), Del. Michele McQuigg (R-Occoquan), Del. Ken Melvin (D-Portsmouth), Del. Harvey Morgan (R-Gloucester), Del. Sam Nixon (R-Richmond), Del. Dave Nutter (R-Christiansburg), Del. Glenn Oder (R-Newport News), Del. John O'Bannon (R-Richmond), Del. Chris Peace (R-Mechanicsville), Del. Tom Rust (R-Herndon), Del. Chris Saxman (R-Staunton), Del. Ed Scott (R-Culpeper), Del. Katherine Waddell (I-Richmond), Del. John Welch (R-Virginia Beach), Del. Tommy Wright (R-Victoria), Sen. Harry Blevins (R-Chesapeake), Sen. John Cosgrove (R-Chesapeake), Sen. Adam Ebbin (D-Alexandria), Sen. Edd Houck (D-Spotsylvania), Sen. Benny Lambert (D-Richmond), Sen. Toddy Puller (D-Mount Vernon), Sen. Nick Rerras (R-Norfolk), Sen. William Wampler (R-Bristol)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Individual income taxes; credit for purchase of long-term care insurance. Provides a credit against individual income taxes for certain long-term care insurance premiums paid by the individual during the taxable year. The amount of the credit shall equal 15% of the amount paid during the taxable year by the individual in long-term care insurance premiums for long-term care insurance coverage for himself, not to exceed over the life of any policy 15% of the amount of the first 12 months of premiums. The credit would be available beginning with the 2006 taxable year. Any unused credit may be carried over in the next five taxable years. Read the Bill »


04/05/2006: signed by governor


01/10/2006Prefiled and ordered printed; offered 01/11/06 067911316
01/10/2006Referred to Committee on Finance
01/18/2006Assigned to Finance sub-committee: #3 (Ware, R.L.)
01/26/2006Fiscal impact statement from TAX (HB786)
01/30/2006Reported from Finance with amendments (20-Y 0-N)
01/30/2006Referred to Committee on Appropriations
02/02/2006Assigned App. sub: Health and Human Resources (Hamilton)
02/08/2006Reported from Appropriations with substitute (23-Y 0-N)
02/09/2006Committee substitute printed 065212316-H1
02/10/2006Read first time
02/13/2006Read second time
02/13/2006Committee amendments from Finance rejected
02/13/2006Committee substitute from Appropriations agreed to 065212316-H1
02/13/2006Engrossed by House - committee substitute HB786H1
02/14/2006Read third time and passed House (98-Y 0-N 1-A)
02/14/2006VOTE: PASSAGE (98-Y 0-N 1-A)
02/14/2006Communicated to Senate
02/15/2006Constitutional reading dispensed
02/15/2006Referred to Committee on Finance
02/20/2006Fiscal impact statement from TAX (HB786H1)
02/28/2006Reported from Finance with amendment (15-Y 0-N)
03/01/2006Constitutional reading dispensed (39-Y 0-N)
03/01/2006Read third time
03/01/2006Reading of amendment waived
03/01/2006Committee amendment agreed to
03/01/2006Engrossed by Senate as amended
03/01/2006Passed Senate with amendment (39-Y 0-N)
03/01/2006VOTE: (39-Y 0-N)
03/01/2006Senate amendment agreed to by House (97-Y 0-N 1-A)
03/01/2006VOTE: ADOPTION (97-Y 0-N 1-A)
03/07/2006Bill text as passed House and Senate (HB786ER)
03/07/2006Signed by Speaker
03/08/2006Signed by President
03/13/2006Fiscal impact statement from TAX (HB786ER)
04/05/2006G Approved by Governor-Chapter 599 (effective 7/1/06)
04/12/2006G Acts of Assembly Chapter text (CHAP0599)