Income tax, state; military benefits subtraction, person 60 years of age or older, etc. (SB528)
Introduced By
Sen. Bryce Reeves (R-Spotsylvania) with support from co-patrons Sen. Bill DeSteph (R-Virginia Beach), and Sen. Jen Kiggans (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; military benefits subtraction. Provides an individual income tax subtraction for up to $5,000 of military benefits in taxable year 2022, up to $10,000 in taxable year 2023, up to $15,000 in taxable year 2024, and up to $20,000 in taxable year 2025 and each taxable year thereafter. The subtraction is limited to recipients of such military benefits who are age 60 or older. Read the Bill »
Status
02/28/2022: Passed the House
History
| Date | Action |
|---|---|
| 01/12/2022 | Prefiled and ordered printed with emergency clause; offered 01/12/22 22104279D |
| 01/12/2022 | Referred to Committee on Finance and Appropriations |
| 02/02/2022 | Impact statement from TAX (SB528) |
| 02/08/2022 | Senate subcommittee amendments and substitutes offered |
| 02/10/2022 | Incorporates SB381 (McDougal) |
| 02/10/2022 | Senate committee, floor amendments and substitutes offered |
| 02/10/2022 | Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally) |
| 02/10/2022 | Committee substitute printed 22106367D-S1 |
| 02/10/2022 | Incorporates SB381 (McDougle) |
| 02/10/2022 | Incorporates SB586 (Chase) |
| 02/11/2022 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 02/14/2022 | Read second time |
| 02/14/2022 | Reading of substitute waived |
| 02/14/2022 | Committee substitute agreed to 22106367D-S1 |
| 02/14/2022 | Emergency clause deleted |
| 02/14/2022 | Engrossed by Senate - committee substitute SB528S1 |
| 02/14/2022 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 02/14/2022 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/18/2022 | Placed on Calendar |
| 02/18/2022 | Read first time |
| 02/18/2022 | Referred to Committee on Finance |
| 02/20/2022 | Impact statement from TAX (SB528S1) |
| 02/23/2022 | House committee, floor amendments and substitutes offered |
| 02/23/2022 | Reported from Finance with substitute (21-Y 0-N) (see vote tally) |
| 02/23/2022 | Committee substitute printed 22106926D-H1 |
| 02/25/2022 | Read second time |
| 02/28/2022 | Read third time |
| 02/28/2022 | Committee substitute agreed to 22106926D-H1 |
| 02/28/2022 | Engrossed by House - committee substitute SB528H1 |
| 02/28/2022 | Passed House with substitute (98-Y 0-N 1-A) |
| 02/28/2022 | VOTE: Passage (98-Y 0-N 1-A) (see vote tally) |
| 03/02/2022 | House substitute rejected by Senate (11-Y 29-N) (see vote tally) |
| 03/02/2022 | House insisted on substitute |
| 03/02/2022 | House requested conference committee |
| 03/02/2022 | Senate acceded to request (40-Y 0-N) (see vote tally) |
| 03/02/2022 | Conferees appointed by Senate |
| 03/02/2022 | Senators: Reeves, Locke, Deeds |
| 03/02/2022 | Conferees appointed by House |
| 03/02/2022 | Delegates: McGuire, Orrock, Torian |
| 03/07/2022 | C Amended by conference committee |
| 03/07/2022 | Conference substitute printed 22107553D-S2 |
| 03/07/2022 | Passed by for the day |
| 03/12/2022 | Continued to 2022 Sp. Sess. pursuant to HJR 455 |
| 03/12/2022 | Continued to 2022 Sp. Sess. 1 pursuant to HJR455 |