Virginia House Bill 314 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 2 2014 - 25% progression, died in committee
Action: 2014-02-03 - Continued to 2015 in Finance by voice vote
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Individual income tax deduction; insurance premiums. Eliminates the requirements of at least $20,000 in earned income and no more than $30,000 in federal adjusted gross income in order for individuals age 66 or older to deduct prepaid funeral, medical, and dental insurance premiums in computing Virginia individual income taxes. The General Assembly enacted legislation in 2013 allowing individuals age 66 or older with at least $20,000 in earned income and not more than $30,000 in federal adjusted gross income to deduct such premiums. The bill is effective January 1, 2014.

Income tax, state; insurance premiums.

Del. Kaye Kory [D]

Date	Chamber	Action
2014-02-03	House	Continued to 2015 in Finance by voice vote
2014-01-29	House	Subcommittee recommends continuing to 2015 by voice vote
2014-01-13	House	Assigned Finance sub: Subcommittee #2
2014-01-02	House	Referred to Committee on Finance
2014-01-02	House	Prefiled and ordered printed; offered 01/08/14 14100358D

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?141+sum+HB314
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB314+hil