Individual income tax; subtraction for interest and dividends from Virginia-based corporations. (HB1717)

Introduced By

Del. Randy Minchew (R-Leesburg) with support from co-patrons Del. Dickie Bell (R-Staunton), and Del. Mark Cole (R-Fredericksburg)

Progress

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

Description

Individual income tax; subtraction for interest and dividends from Virginia-based corporations. Allows residents of Virginia to subtract from their Virginia taxable income any interest or dividends received from a corporation with its principal place of business in Virginia. The subtraction would be available for taxable years beginning January 1, 2017. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/07/2017Committee
01/07/2017Prefiled and ordered printed; offered 01/11/17 17102637D
01/07/2017Referred to Committee on Finance
01/15/2017Impact statement from TAX (HB1717)
01/17/2017Assigned Finance sub: Subcommittee #2
01/18/2017Subcommittee recommends laying on the table
02/07/2017Left in Finance