Income tax, state; deductions for life, medical, and dental insurance premiums for certain people. (HB518)

Introduced By

Del. Bob Purkey (R-Virginia Beach)

Progress

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

Description

Individual income tax deductions; life, medical, and dental insurance premiums.  Provides that beginning January 1, 2012, an individual age 66 or older with earned income of at least $20,000 for the year is allowed to deduct the amount he pays annually for (i) life insurance premiums under a policy that covers him and (ii) medical and dental insurance premiums for any person for which individual tax filers may claim a deduction for such premiums under federal income tax laws. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2012Committee
01/10/2012Prefiled and ordered printed; offered 01/11/12 12102449D
01/10/2012Referred to Committee on Finance
01/27/2012Impact statement from TAX (HB518)
02/06/2012Continued to 2013 in Finance