Income tax, state; military retirement pay subtraction. (HB1021)

Introduced By

Del. Terry Kilgore (R-Gate City) with support from co-patron Del. Jeff Campbell (R-Marion)

Progress

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

Description

Individual income tax; military retirement pay subtraction. Establishes an individual income tax subtraction for annual retirement compensation received for service as a member of the armed forces of the United States or the Virginia National Guard. The subtraction is effective beginning with the 2014 taxable year. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2014Committee
01/08/2014Prefiled and ordered printed; offered 01/08/14 14100264D
01/08/2014Referred to Committee on Finance
01/27/2014Impact statement from TAX (HB1021)
01/28/2014Assigned Finance sub: Subcommittee #3
01/31/2014Subcommittee recommends laying on the table
02/12/2014Left in Finance

Duplicate Bills

The following bills are identical to this one: HB777.