Income tax, state; long-term care insurance tax credit. (SB310)

Introduced By

Sen. Steve Martin (R-Chesterfield) with support from 22 copatrons, whose average partisan position is:

Those copatrons are Sen. George Barker (D-Alexandria), Sen. Harry Blevins (R-Chesapeake), Sen. Chuck Colgan (D-Manassas), Sen. John Edwards (D-Roanoke), Sen. Emmett Hanger (R-Mount Solon), Sen. Robert Hurt (R-Chatham), Sen. Mamie Locke (D-Hampton), Sen. Dave Marsden (D-Burke), Sen. Ryan McDougle (R-Mechanicsville), Sen. Jeff McWaters (R-Virginia Beach), Sen. Steve Newman (R-Forest), Sen. Tommy Norment (R-Williamsburg), Sen. Mark Obenshain (R-Harrisonburg), Sen. Phil Puckett (D-Tazewell), Sen. Frank Ruff (R-Clarksville), Sen. Ralph Smith (R-Roanoke), Sen. Walter Stosch (R-Glen Allen), Sen. Richard Stuart (R-Westmoreland), Sen. Patsy Ticer (D-Alexandria), Sen. Jill Holtzman Vogel (R-Winchester), Sen. Frank Wagner (R-Virginia Beach), Sen. William Wampler (R-Bristol)

Progress

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

Description

Long-term care insurance tax credit.  Increases the amount of the long-term care insurance tax credit from 15 percent to 30 percent of the amount paid by the individual during the taxable year in long-term care insurance premiums for long-term care insurance coverage for himself. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2010Prefiled and ordered printed; offered 01/13/10 10102186D
01/12/2010Referred to Committee on Finance
01/20/2010Impact statement from TAX (SB310)
02/10/2010Continued to 2011 in Finance (13-Y 2-N) (see vote tally)