Virginia House Bill 1045 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: Introduced on January 12 2022 - 25% progression, died in committee
Action: 2022-02-15 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

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.

Income tax, state; subtraction for veteran retirement compensation.

Del. Elizabeth Guzman [D]	Del. Nadarius Clark [D]	Del. Kelly Convirs-Fowler [D]	Del. Clinton Jenkins [D]
Del. Michelle Maldonado [D]	Del. Kathleen Murphy [D]	Del. Kenneth Plum [D]	Del. Marcus Simon [D]
Del. Shelly Simonds [D]	Del. Kim Taylor [R]

2022-02-04 - House - House: Subcommittee recommends laying on the table (7-Y 1-N) (Y: 7 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2022-02-15	House	Left in Finance
2022-02-04	House	Subcommittee recommends laying on the table (7-Y 1-N)
2022-01-27	House	Assigned Finance sub: Subcommittee #3
2022-01-12	House	Referred to Committee on Finance
2022-01-12	House	Prefiled and ordered printed; offered 01/12/22 22103865D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322.02	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB1045
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB1045+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB1045F161+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H1003V0014+HB1045