Income tax, state; increases long-term care insurance credit. (HB505)

Introduced By

Del. Scott Garrett (R-Lynchburg) with support from 10 copatrons, whose average partisan position is:

Those copatrons are Del. Dave Albo (R-Springfield), Del. Anne Crockett-Stark (R-Wytheville), Del. Gordon Helsel (R-Poquoson), Del. Keith Hodges (R-Urbanna), Del. Don Merricks (R-Danville), Del. John O'Bannon (R-Richmond), Del. David Ramadan (R-South Riding), Del. Tom Rust (R-Herndon), Del. Ed Scott (R-Culpeper), Del. Ron Villanueva (R-Virginia Beach)

Description

Income tax; long-term care insurance credit.  Increases the amount of the credit an individual may claim for long-term care insurance premiums from 15 percent to 30 percent of the amount of the premiums paid. The bill would be effective for taxable years beginning on or after January 1, 2012. Read the Bill »

Outcome

History