HB 1624 Indiv. income tax; subtraction - military death gratuity payments.
M. Kirkland Cox | all patrons    ...    notes
| add to my profiles

Summary as passed: (all summaries)
Individual income tax; subtraction for military death gratuity payments. Allows a subtraction for the amount of military death gratuity payments made to survivors of military personnel who are killed in the line of duty when calculating Virginia taxable income. The subtraction only applies to payments received after September 11, 2001. Such subtraction amount must be reduced by the amount that is allowed as an exclusion from federal gross income to the survivor on his federal income tax return.

Under current law, Virginia exempts $3,000 and the federal military death gratuity payment is $6,000. With this change, the additional $3,000 will be exempt.

Full text:
01/08/03  House: Presented & ordered printed, prefiled 12/27/02 030978680  pdf | impact statement
02/01/03  House: Printed as engrossed 030978680-E  pdf | impact statement
02/20/03  House: Bill text as passed House and Senate (HB1624ER)  pdf | impact statement
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0181)  pdf

Amendments:
House amendments

Status:
01/08/03  House: Presented & ordered printed, prefiled 12/27/02 030978680
01/08/03  House: Referred to Committee on Finance
01/20/03  House: Reported from Finance (22-Y 0-N)
01/20/03  House: Referred to Committee on Appropriations
01/29/03  House: Reported from Appropriations with amd (25-Y 0-N)
01/31/03  House: Read first time
02/01/03  House: Read second time
02/01/03  House: Committee amendment agreed to
02/01/03  House: Engrossed by House as amended
02/01/03  House: Printed as engrossed 030978680-E
02/03/03  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/03/03  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/03/03  House: Communicated to Senate
02/04/03  Senate: Constitutional reading dispensed
02/04/03  Senate: Referred to Committee on Finance
02/11/03  Senate: Reported from Finance (15-Y 0-N)
02/12/03  Senate: Constitutional reading dispensed (40-Y 0-N)
02/12/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
02/12/03  Senate: Read third time
02/12/03  Senate: Passed Senate (40-Y 0-N)
02/12/03  Senate: VOTE: (40-Y 0-N)
02/20/03  House: Bill text as passed House and Senate (HB1624ER)
02/21/03  House: Enrolled
02/21/03  House: Signed by Speaker
02/23/03  Senate: Signed by President
03/16/03  Governor: Approved by Governor-Chapter 181 (effective 7/1/03)
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0181)