Military retirement income; exempt from taxation. (HJ102)

Introduced By

Del. Luke Torian (D-Woodbridge) with support from co-patron Del. John Bell (D-Chantilly)

Progress

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

Description

Study; Department of Veterans Services and Department of Taxation; feasibility of exempting military retirement income from taxation; report. Requests the Department of Veterans Services and the Department of Taxation (the agencies) to convene a joint working group to study the feasibility of exempting military retirement income from taxation. Under current law, military retirement income is tax-exempt only if the taxpayer is the recipient of a Congressional Medal of Honor. In their study, the agencies are directed to consider phasing in the exemption over a four-year, five-year, or six-year period or any other period deemed appropriate by the agencies. The agencies are directed to estimate revenue losses associated with an exemption as well as the positive effects on Virginia's current population of veterans and desirability as a state of residence for veterans. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2018Committee
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102772D
01/09/2018Referred to Committee on Rules
01/19/2018Assigned Rules sub: Subcommittee #1
02/01/2018Subcommittee recommends striking from docket (7-Y 0-N)
02/13/2018Left in Rules