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HB1128

Income tax, state; military benefits subtraction.

Status:
Enacted

Chief Patron:
John McGuire (R)

Session:
2022 Special Session I

Summary

As Passed Both Chambers. Income tax; military benefits subtraction.

Establishes an income tax subtraction for up to $10,000 of military benefits in taxable year 2022, up to $20,000 of military benefits in taxable year 2023, up to $30,000 in taxable year 2024, and up to $40,000 in taxable year 2025 and each taxable year thereafter. The bill defines military benefits to include military retirement income for recipients who are age 55 or older and benefits paid to the surviving spouse of a veteran. This bill is identical to SB 528. (Less)

  • Bill History

  • 01/12/2022 - House: Presented and ordered printed with emergency clause 22104276D
  • 01/12/2022 - House: Referred to Committee on Finance
  • 01/27/2022 - House: Assigned Finance sub: Subcommittee #3
  • 02/01/2022 - House: Impact statement from TAX (HB1128)
  • 02/04/2022 - House: Subcommittee recommends reporting with amendments (8-Y 0-N)
  • 02/04/2022 - House: Subcommittee recommends referring to Committee on Appropriations
  • 02/07/2022 - House: Reported from Finance with amendment(s) (22-Y 0-N)
  • 02/07/2022 - House: Referred to Committee on Appropriations
  • 02/11/2022 - House: Reported from Appropriations (17-Y 0-N)
  • 02/13/2022 - House: Read first time
  • 02/14/2022 - House: Read second time
  • 02/14/2022 - House: Committee amendments agreed to
  • 02/14/2022 - House: Engrossed by House as amended HB1128E
  • 02/14/2022 - House: Printed as engrossed 22104276D-E
  • 02/15/2022 - House: Read third time and passed House (98-Y 0-N 2-A)
  • 02/15/2022 - House: VOTE: Passage Emergency (98-Y 0-N 2-A)
  • 02/16/2022 - Senate: Constitutional reading dispensed
  • 02/16/2022 - Senate: Referred to Committee on Finance and Appropriations
  • 02/23/2022 - House: Impact statement from TAX (HB1128E)
  • 02/24/2022 - House: House subcommittee amendments and substitutes offered
  • 02/24/2022 - House: House committee, floor amendments and substitutes offered
  • 03/01/2022 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
  • 03/01/2022 - Senate: Committee substitute printed 22107275D-S1
  • 03/02/2022 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 03/02/2022 - Senate: Read third time
  • 03/02/2022 - Senate: Reading of substitute waived
  • 03/02/2022 - Senate: Committee substitute agreed to 22107275D-S1
  • 03/02/2022 - Senate: Engrossed by Senate - committee substitute HB1128S1
  • 03/02/2022 - Senate: Passed Senate with substitute (40-Y 0-N)
  • 03/02/2022 - House: Senate substitute rejected by House 22107275D-S1 (1-Y 96-N 2-A)
  • 03/02/2022 - House: VOTE: Rejected (1-Y 96-N 2-A)
  • 03/02/2022 - House: Reconsideration of Senate substitute agreed to by House
  • 03/02/2022 - House: Senate substitute rejected by House 22107275D-S1 (0-Y 97-N 2-A)
  • 03/02/2022 - House: VOTE: Rejected #2 (0-Y 97-N 2-A)
  • 03/02/2022 - Senate: Senate insisted on substitute (39-Y 0-N)
  • 03/02/2022 - Senate: Senate requested conference committee
  • 03/02/2022 - House: House acceded to request
  • 03/02/2022 - House: Conferees appointed by House
  • 03/02/2022 - House: Delegates: McGuire, Orrock, Torian
  • 03/02/2022 - Senate: Conferees appointed by Senate
  • 03/02/2022 - Senate: Senators: Reeves, Locke, Deeds
  • 03/07/2022 - Conference: Amended by conference committee
  • 03/07/2022 - House: Conference substitute printed 22107554D-H1
  • 03/07/2022 - Senate: Passed by for the day
  • 03/12/2022 - House: Continued to 2022 Sp. Sess. 1 pursuant to HJR455
  • 06/01/2022 - House: Conference report agreed to by House (86-Y 6-N 2-A)
  • 06/01/2022 - House: VOTE: Adoption (86-Y 6-N 2-A)
  • 06/17/2022 - Senate: Conference report agreed to by Senate (39-Y 0-N)
  • 06/17/2022 - House: Emergency clause deleted
  • 07/20/2022 - House: Enrolled
  • 07/20/2022 - House: Bill text as passed House and Senate (HB1128ER)
  • 07/20/2022 - House: Impact statement from TAX (HB1128ER)
  • 07/20/2022 - House: Signed by Speaker
  • 07/21/2022 - Senate: Signed by President
  • 07/28/2022 - House: Enrolled Bill communicated to Governor on July 28, 2022
  • 07/28/2022 - Governor: Governor's Action Deadline 11:59 p.m., August 4, 2022
  • 08/04/2022 - Governor: Approved by Governor-Chapter 14 (effective on the 1st day of the 4th month following the month
  • 08/04/2022 - Governor: of adjournment of the 2022 Special Session l)
  • 08/04/2022 - Governor: Acts of Assembly Chapter text (CHAP0014)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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