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2007 SESSION
SB 785 Income tax, state; increases deduction for prepaid tuition contract, etc. with College Savings Plan.
Introduced by: J. Brandon Bell, II | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax deduction; Virginia College Savings Plan. Increases from $2,000 to $4,000 the annual income tax deduction allowed for purchases and contributions for prepaid tuition contracts or savings trust accounts entered into with the Virginia College Savings Plan. The increase would become effective for taxable years beginning on or after January 1, 2009.
FULL TEXT
- 12/22/06 Senate: Prefiled and ordered printed; offered 01/10/07 078900700 pdf | impact statement
- 02/20/07 Senate: Bill text as passed Senate and House (SB785ER) pdf | impact statement
- 04/12/07 Governor: Acts of Assembly Chapter text (CHAP0942) pdf
AMENDMENTS
HISTORY
- 12/22/06 Senate: Prefiled and ordered printed; offered 01/10/07 078900700
- 12/22/06 Senate: Referred to Committee on Finance
- 01/31/07 Senate: Reported from Finance (14-Y 0-N)
- 02/01/07 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/01/07 Senate: VOTE: (39-Y 0-N)
- 02/02/07 Senate: Read second time and engrossed
- 02/05/07 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/05/07 Senate: VOTE: (39-Y 0-N)
- 02/05/07 Senate: Communicated to House
- 02/06/07 House: Placed on Calendar
- 02/06/07 House: Read first time
- 02/06/07 House: Referred to Committee on Finance
- 02/12/07 House: Reported from Finance (16-Y 2-N)
- 02/13/07 House: Read second time
- 02/14/07 House: Read third time
- 02/14/07 House: Passed House (93-Y 2-N)
- 02/14/07 House: VOTE: PASSAGE (93-Y 2-N)
- 02/20/07 Senate: Enrolled
- 02/20/07 Senate: Bill text as passed Senate and House (SB785ER)
- 02/21/07 House: Signed by Speaker
- 02/22/07 Senate: Signed by President
- 03/26/07 Senate: Governor's recommendation received by Senate
- 04/03/07 Senate: Placed on Calendar
- 04/04/07 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/04/07 House: House rejected Governor's recommendation (23-Y 73-N)
- 04/04/07 House: VOTE: ADOPTION (23-Y 73-N)
- 04/04/07 Senate: Communicated to Governor
- 04/10/07 Governor: Approved by Governor-Chapter 942 (effective 7/1/07)
- 04/12/07 Governor: Acts of Assembly Chapter text (CHAP0942)