Income tax, state; subtraction for veteran retirement compensation. (HB1045)
Introduced By
Del. Elizabeth Guzman (D-Dale City) with support from co-patron Del. Nadarius Clark (D-Portsmouth)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax subtraction; veteran retirement compensation. Provides an individual income tax subtraction for certain amounts of the annual retirement compensation received by a veteran who is at least 65 years old for service as a member of the United States Armed Forces. The subtraction is equal to up to $10,000 in annual retirement compensation for taxable year 2022, up to $20,000 in taxable year 2023, up to $30,000 in taxable year 2024, and up to $40,000 for taxable year 2025 and thereafter. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/12/2022 | Committee |
01/12/2022 | Prefiled and ordered printed; offered 01/12/22 22103865D |
01/12/2022 | Referred to Committee on Finance |
01/27/2022 | Assigned Finance sub: Subcommittee #3 |
01/29/2022 | Impact statement from TAX (HB1045) |
02/04/2022 | Subcommittee recommends laying on the table (7-Y 1-N) |
02/15/2022 | Left in Finance |