Income tax, state; subtraction for employer payment of qualified education loans. (HB200)

Introduced By

Del. Hala Ayala (D-Woodbridge) with support from co-patrons Del. Alfonso Lopez (D-Arlington), Del. Ken Plum (D-Reston), Del. Sam Rasoul (D-Roanoke), and Del. David Reid (D-Loudoun)

Progress

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

Description

Individual income tax; subtraction for employer payment of qualified education loans. Establishes an individual income tax subtraction, beginning in taxable year 2018, for an unincorporated employer's contribution to the repayment of an employee's education loan. The bill provides that the maximum deduction per year shall be $5,250. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
12/28/2017Committee
12/28/2017Prefiled and ordered printed; offered 01/10/18 18100059D
12/28/2017Referred to Committee on Finance
01/26/2018Impact statement from TAX (HB200)
01/30/2018Assigned Finance sub: Subcommittee #2
02/05/2018Subcommittee recommends passing by indefinitely (5-Y 3-N)
02/13/2018Left in Finance