Bill Text: VA HB1118 | 2010 | Regular Session | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Virginia Military Family Relief Fund; State policy to exclude from taxation payments made from Fund.

Spectrum: Moderate Partisan Bill (Republican 18-3)

Status: (Passed) 2010-04-08 - Governor: Acts of Assembly Chapter text (CHAP0287) [HB1118 Detail]

Download: Virginia-2010-HB1118-Comm_Sub.html

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10104890D
HOUSE BILL NO. 1118 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the House Committee on Finance on February 10, 2010) (Patrons Prior to Substitute--Delegates Stolle and Johnson [HB 1231]) A BILL to express the policy of the Commonwealth relating to the exclusion from taxation income of distributions from the Virginia Military Family Relief Fund.

Whereas, the Virginia Military Family Relief Fund was established to assist members of the Virginia National Guard and Virginia residents who are members of the United States armed forces reserves who have been called to extended active duty for periods in excess of 90 days, and their families, with living expenses, including but not limited to, food, utilities, housing, and medical services.

Be it enacted by the General Assembly of Virginia:

1. §1. That it shall be the policy of the Commonwealth to exclude from taxation, all benefits paid in accordance with the provisions of the Virginia Military Family Relief Fund, as established in § 44-102.2, to the extent included in federal adjusted gross income.