Income tax, state; deduction for payment of certain tolls. (HB347)

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
01/03/2014Committee
01/03/2014Prefiled and ordered printed; offered 01/08/14 14102542D
01/03/2014Referred to Committee on Finance
01/13/2014Assigned Finance sub: Subcommittee #2
01/14/2014Impact statement from TAX (HB347)
01/15/2014Subcommittee recommends laying on the table
02/12/2014Left in Finance