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