Income tax, state; deduction for payment of tolls in qualified locality. (HB1963)

Introduced By

Del. Matthew James (D-Portsmouth)

Progress

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

Description

Taxable income; deduction for payment of certain tolls. Allows a qualified taxpayer to deduct from his Virginia adjusted gross income an amount equal to 50 percent of the amount paid by the taxpayer for tolls in a qualified locality. A qualified locality is one in which the unemployment rate is higher than the statewide average and (i) in which a public-private transportation project that includes tolling is located or (ii) that is adjacent to a locality in which such a project is located. A qualified taxpayer is a taxpayer who resides in a qualified locality. Amends § 58.1-322, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2013Prefiled and ordered printed; offered 01/09/13 13102360D
01/09/2013Referred to Committee on Finance
01/12/2013Impact statement from TAX (HB1963)
01/14/2013Assigned Finance sub: #1
01/16/2013Subcommittee recommends laying on the table
02/05/2013Left in Finance