Income tax, state; subtraction for certain death benefit payments. (HB879)
Introduced By
Del. Mark Sickles (D-Alexandria)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; subtraction for certain death benefit payments. Clarifies that the current subtraction applies only to death benefit payments (i) paid to a beneficiary that are pursuant to an annuity contract between an annuitant and an insurance company and (ii) paid solely by lump sum. The bill reflects the current manner in which the Department of Taxation is implementing the subtraction. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/11/2012 | Committee |
01/11/2012 | Prefiled and ordered printed; offered 01/11/12 12101171D |
01/11/2012 | Referred to Committee on Finance |
01/20/2012 | Assigned Finance sub: #2 |
01/23/2012 | Impact statement from TAX (HB879) |
01/25/2012 | Subcommittee recommends reporting (10-Y 0-N) |
01/30/2012 | Reported from Finance (22-Y 0-N) (see vote tally) |
01/31/2012 | Read first time |
02/01/2012 | Read second time and engrossed |
02/02/2012 | Read third time and passed House BLOCK VOTE (100-Y 0-N) |
02/02/2012 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/03/2012 | Constitutional reading dispensed |
02/03/2012 | Referred to Committee on Finance |
02/20/2012 | Impact statement from TAX (HB879) |
02/22/2012 | Reported from Finance with amendment (13-Y 0-N) (see vote tally) |
02/23/2012 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/24/2012 | Read third time |
02/24/2012 | Reading of amendment waived |
02/24/2012 | Committee amendment agreed to |
02/24/2012 | Engrossed by Senate as amended |
02/24/2012 | Passed Senate with amendment (37-Y 0-N) (see vote tally) |
02/24/2012 | Reconsideration of Senate passage agreed to by Senate (38-Y 0-N) (see vote tally) |
02/24/2012 | Passed Senate with amendment (38-Y 0-N) (see vote tally) |
02/27/2012 | Placed on Calendar |
02/28/2012 | Senate amendment agreed to by House (98-Y 0-N) |
02/28/2012 | VOTE: ADOPTION (98-Y 0-N) (see vote tally) |
03/05/2012 | Enrolled |
03/05/2012 | Bill text as passed House and Senate (HB879ER) |
03/05/2012 | Impact statement from TAX (HB879ER) |
03/05/2012 | Signed by Speaker |
03/07/2012 | Signed by President |
03/21/2012 | G Approved by Governor-Chapter 305 (effective 7/1/12) |
03/21/2012 | G Acts of Assembly Chapter text (CHAP0305) |