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2001 SESSION

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HB 2288 Individual income tax; military retirement income subtraction.

Introduced by: William K. Barlow | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Individual income tax; Virginia taxable income; military retirement income subtraction. Allows a subtraction in the amount of two percent multiplied by the number of years of active duty in the armed forces with the product multiplied by the first $30,000 of military retirement income when calculating Virginia taxable income for taxable years beginning on and after January 1, 2002.


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