Income tax, state; exclusion, student loan forgiveness, disabled veterans. (SB745)

Introduced By

Sen. John Bell (D-Chantilly) with support from co-patron Sen. Bryce Reeves (R-Spotsylvania)

Progress

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

Description

Income tax exclusion; student loan forgiveness; disabled veterans. Excludes from Virginia adjusted gross income any income received by a totally and permanently disabled veteran from student loan debt cancellation or discharge for taxable years 2020 through 2025. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2020Prefiled and ordered printed; offered 01/08/20 20100557D
01/08/2020Referred to Committee on Finance and Appropriations
01/18/2020Impact statement from TAX (SB745)
01/21/2020Reported from Finance and Appropriations with amendment (15-Y 0-N) (see vote tally)
01/22/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/23/2020Read second time
01/23/2020Reading of amendment waived
01/23/2020Committee amendment agreed to
01/23/2020Engrossed by Senate as amended SB745E
01/23/2020Printed as engrossed 20100557D-E
01/24/2020Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/12/2020Placed on Calendar
02/12/2020Read first time
02/12/2020Referred to Committee on Finance
02/13/2020Assigned Finance sub: Subcommittee #1
02/14/2020Impact statement from TAX (SB745E)
02/17/2020Subcommittee recommends reporting (9-Y 0-N)
02/19/2020Reported from Finance (21-Y 0-N) (see vote tally)
02/21/2020Read second time
02/24/2020Read third time
02/24/2020Passed House BLOCK VOTE (100-Y 0-N)
02/24/2020VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/27/2020Enrolled
02/27/2020Bill text as passed Senate and House (SB745ER)
02/27/2020Impact statement from TAX (SB745ER)
02/27/2020Signed by President
02/27/2020Signed by Speaker
03/10/2020Enrolled Bill Communicated to Governor on March 10, 2020
03/10/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/02/2020G Approved by Governor-Chapter 606 (effective 7/1/20)
04/02/2020G Acts of Assembly Chapter text (CHAP0606)