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2018 SESSION

• | print version

HJ 102 Military retirement income; exempt from taxation.

Introduced by: Luke E. Torian | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; Department of Veterans Services and Department of Taxation; feasibility of exempting military retirement income from taxation; report. Requests the Department of Veterans Services and the Department of Taxation (the agencies) to convene a joint working group to study the feasibility of exempting military retirement income from taxation. Under current law, military retirement income is tax-exempt only if the taxpayer is the recipient of a Congressional Medal of Honor.

In their study, the agencies are directed to consider phasing in the exemption over a four-year, five-year, or six-year period or any other period deemed appropriate by the agencies. The agencies are directed to estimate revenue losses associated with an exemption as well as the positive effects on Virginia's current population of veterans and desirability as a state of residence for veterans.

FULL TEXT

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18102772D  pdf

HISTORY

• 01/09/18  House: Prefiled and ordered printed; offered 01/10/18 18102772D
• 01/09/18  House: Referred to Committee on Rules
• 01/19/18  House: Assigned Rules sub: Subcommittee #1
• 02/01/18  House: Subcommittee recommends striking from docket (7-Y 0-N)
• 02/13/18  House: Left in Rules