Income tax, state; provides an age deduction. (HB2439)
Introduced By
Del. Jeff Frederick (R-Woodbridge)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Income tax; age deduction. Replaces the current age deduction for income tax purposes with a deduction of $7,000 for taxpayers age 62 through 64 and $14,000 for taxpayers age 65 and older whose social security benefits are no more than $3,500, effective for taxable years beginning January 1, 2008. The deduction and benefits amounts are to be indexed annually according to the Consumer Price Index for all Urban Consumers. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/09/2007 | Committee |
| 01/09/2007 | Prefiled and ordered printed; offered 01/10/07 078297303 |
| 01/09/2007 | Referred to Committee on Finance |
| 01/18/2007 | Assigned Finance sub: #1 (Orrock) |
| 01/26/2007 | Impact statement from TAX (HB2439) |