DVS & TAX; feasibility of exempting military retirement income from taxation, report. (HJ674)

Introduced By

Del. Luke Torian (D-Woodbridge)

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 for recipients of the Congressional Medal of Honor. The Agencies are directed to consider potential revenue losses, the effects of phasing in the exemption over different time frames, the positive effects for Virginia's current population of veterans, and the impact on the Commonwealth's competitiveness as a desirable state of residence for veterans compared with other states. Read the Bill »

Status

01/17/2019: Awaiting a Vote in the Rules Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102046D
01/08/2019Referred to Committee on Rules
01/17/2019Assigned Rules sub: Subcommittee #1

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