Income tax, state; tax credit for disabled military veterans. (HB131)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from 7 copatrons, whose average partisan position is:

Those copatrons are Del. Dickie Bell (R-Staunton), Del. Gordon Helsel (R-Poquoson), Del. Don Merricks (R-Danville), Del. John O'Bannon (R-Richmond), Del. Margaret Ransone (R-Kinsale), Del. Tom Rust (R-Herndon), Del. Ron Villanueva (R-Virginia Beach)

Progress

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

Description

Individual income tax credit; disabled military veterans.  Establishes an individual income tax credit beginning with the 2012 taxable year for veterans with a military service-connected disability. The credit would be computed by multiplying the veteran's disability rating for the taxable year by the amount of his Virginia individual income tax liability for the year. The veteran's disability rating would be determined using the disability ratings of the U.S. Department of Veterans Affairs. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/04/2012Prefiled and ordered printed; offered 01/11/12 12100283D
01/04/2012Referred to Committee on Finance
01/12/2012Assigned Finance sub: Subcommittee #3
01/21/2012Impact statement from TAX (HB131)
02/06/2012Continued to 2013 in Finance
11/29/2012Left in Finance

Comments

Gregg J writes:

Once again the Virginia legislature prove their incapable of providing the state's most deserving citizens with a tax break. Something a majority of states in this great nation have already done. Shame on the legislature, its clear changes need to be made. Hopefully we can organize the states veterans to replace representatives that sit on their hands instead of passing sorely needed legislation.