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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/10/2012Prefiled and ordered printed; offered 01/11/12 12102485D
01/10/2012Referred to Committee on Finance
01/23/2012Impact statement from TAX (HB505)
02/02/2012Assigned Finance sub: #3
02/03/2012Subcommittee recommends reporting (5-Y 0-N)
02/10/2012Continued to 2013 in Finance
11/29/2012Left in Finance