Disabled individuals; taxation of trusts established therefor. (HB1880)
Introduced By
Del. Eileen Filler-Corn (D-Fairfax Station)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Taxation of trusts established for disabled individuals. Establishes an individual income tax deduction not to exceed $2,000 for the fair market value of contributions made during the taxable year to certain supplemental needs trusts established for disabled individuals. The bill also would exempt from taxation the income earned by such trusts. The bill would become effective for taxable years beginning on or after January 1, 2011. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/11/2011 | Committee |
01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11103308D |
01/11/2011 | Referred to Committee on Finance |
01/17/2011 | Assigned Finance sub: #1 |
01/18/2011 | Impact statement from TAX (HB1880) |
01/26/2011 | Subcommittee recommends referring to HWI |
02/02/2011 | Referred from Finance |
02/02/2011 | Referred to Committee on Health, Welfare and Institutions |
02/08/2011 | Left in Health, Welfare and Institutions |