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1996 SESSION

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HB 875 Income tax, state; subtractions for IRAs, annuities, etc.

Introduced by: V. Earl Dickinson | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia taxable income; IRA withdrawal subtraction. For taxable years beginning on and after January 1, 1996, allows a taxpayer to subtract the withdrawal of certain retirement plan contributions to the extent the contributions were subject to the income tax in another state. This measure remedies a double taxation problem that have resulted from a handful of states' failure to conform to the federal treatment of IRA contributions.

FULL TEXT

• 01/22/96  House: Presented & ordered printed 967156208  pdf
• 02/13/96  House: Committee substitute printed 967808208-H1  pdf
• 03/15/96  House: Bill text as passed House and Senate (HB875ER)  pdf
• 04/11/96  Governor: Acts of Assembly Chapter text (CHAP0624)  pdf

HISTORY

• 01/22/96  House: Presented & ordered printed 967156208
• 01/22/96  House: Referred to Committee on Finance
• 01/24/96  House: Assigned to Finance sub-committee: 2
• 02/13/96  House: Committee substitute printed 967808208-H1
• 02/13/96  House: Reported from Finance with sub. (22-Y 0-N)
• 02/14/96  House: Read first time
• 02/15/96  House: Read second time
• 02/15/96  House: Committee substitute agreed to 967808208-H1
• 02/15/96  House: Engrossed by House - com. sub. 967808208-H1
• 02/16/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/16/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/16/96  House: Communicated to Senate
• 02/19/96  Senate: Read first time
• 02/19/96  Senate: Referred to Committee on Finance
• 02/28/96  Senate: Reported from Finance (17-Y 0-N)
• 02/29/96  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/29/96  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 03/01/96  Senate: Read third time
• 03/01/96  Senate: Passed Senate (40-Y 0-N)
• 03/01/96  Senate: VOTE: PASSAGE (40-Y 0-N)
• 03/15/96  House: Bill text as passed House and Senate (HB875ER)
• 03/20/96  House: Enrolled
• 03/21/96  Senate: Signed by President
• 03/22/96  House: Signed by Speaker
• 04/05/96  Governor: Approved by Governor-Chapter 624 (effective 7/1/96)
• 04/11/96  Governor: Acts of Assembly Chapter text (CHAP0624)