Javascript is required to run this page

SB480

Income tax, state; phased-in subtraction of military retirement income.

Status:
Killed

Chief Patron:
Bryce Reeves (R)

Session:
2018 Regular Session

Summary

As Introduced. Individual income tax; phased-in subtraction of military retirement income.

Phases in, over a five-year period beginning with taxable year 2018, a subtraction from Virginia taxable income for military retirement income. By taxable year 2022, 100 percent of military retirement income would be exempt from taxation. Under current law, military retirement income is exempt from taxation only if the individual is a recipient of the Congressional Medal of Honor. (Less)

  • Bill History

  • 01/09/2018 - Senate: Prefiled and ordered printed; offered 01/10/18 18103699D
  • 01/09/2018 - Senate: Referred to Committee on Finance
  • 01/29/2018 - Senate: Impact statement from TAX (SB480)
  • 01/31/2018 - Senate: Passed by indefinitely in Finance (15-Y 0-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

See other bills related to: