Income tax, state; military retirement pay subtraction. (HB777)
Introduced By
Del. Mike Futrell (D-Woodbridge) with support from co-patrons Del. Marcus Simon (D-Falls Church), and Sen. Monty Mason (D-Williamsburg)
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
| Date | Action |
|---|---|
| 01/07/2014 | Committee |
| 01/07/2014 | Prefiled and ordered printed; offered 01/08/14 14102649D |
| 01/07/2014 | Referred to Committee on Finance |
| 01/27/2014 | Impact statement from TAX (HB777) |
| 01/28/2014 | Assigned Finance sub: Subcommittee #3 |
| 01/31/2014 | Subcommittee recommends laying on the table |
| 02/12/2014 | Left in Finance |