Virginia House Bill 1397 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on August 8 2016 - 25% progression, died in committee
Action: 2017-02-07 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Income tax subtraction for National Guard pay. Increases from $3,000 to $5,000 the maximum individual income tax subtraction for National Guard pay. Under current law, the maximum annual subtraction for wages or salary received for service in the National Guard of the Commonwealth of Virginia is the lesser of $3,000 or the amount of income derived by the person from 39 calendar days of such service. Under the bill, the maximum annual subtraction is the lesser of $5,000 or the amount of income derived from 39 calendar days of National Guard service. The income tax subtraction will continue to be available only to persons in the ranks of O3 and below. The provisions of the bill apply to taxable years beginning on or after January 1, 2017.

Income tax, state; subtraction for National Guard pay.

Del. Hyland Fowler [R]	Del. Richard Anderson [R]	Sen. Lamont Bagby [D]	Sen. John Bell [D]
Sen. Jennifer Boysko [D]	Del. Jeffrey Campbell [R]	Del. Mark Cole [R]	Del. Matt Fariss [R]
Del. Nicholas Freitas [R]	Del. Steve Heretick [D]	Del. Charniele Herring [D]	Del. Daun Hester [D]
Del. Mark Keam [D]	Del. Steven Landes [R]	Del. Joesph Lindsey [D]	Del. Daniel Marshall [R]
Del. Randall Minchew [R]	Del. Michael Mullin [D]	Del. Kathleen Murphy [D]	Del. Christopher Peace [R]
Sen. Todd Pillion [R]	Del. Marcus Simon [D]	Del. Luke Torian [D]	Del. Vivian Watts [D]

Date	Chamber	Action
2017-02-07	House	Left in Finance
2017-01-18	House	Subcommittee recommends laying on the table by voice vote
2017-01-17	House	Assigned Finance sub: Subcommittee #2
2016-08-08	House	Referred to Committee on Finance
2016-08-08	House	Prefiled and ordered printed; offered 01/11/17 17100173D

Chapter	Article	Section	Citation Type	Statute Text
58	1	322	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1397
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1397+hil