VA HB1155 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 16 2012 - 25% progression, died in chamber
Action: 2012-02-06 - House: Continued to 2013 in Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 16 2012 - 25% progression, died in chamber
Action: 2012-02-06 - House: Continued to 2013 in Finance by voice vote
Text: Latest bill text (Introduced) [HTML]
Summary
Taxation of trusts established for disabled individuals. Establishes an individual income tax deduction not to exceed $2,000 for the fair market value of contributions made during the taxable year to certain supplemental needs trusts established for disabled individuals. The bill also would exempt from taxation the income earned by such trusts. The bill would become effective for taxable years beginning on or after January 1, 2012.
Title
Income tax, state; taxation of trusts established for disabled individuals.
Sponsors
| Del. David Bulova [D] | Del. Eileen Filler-Corn [D] | Sen. Jennifer McClellan [D] | Del. Kenneth Plum [D] |
| Sen. Scott Surovell [D] | Del. David Toscano [D] | Del. Vivian Watts [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-06 | House: Continued to 2013 in Finance by voice vote | |
| 2012-01-16 | House: Referred to Committee on Finance | |
| 2012-01-16 | House: Presented and ordered printed 12101613D |
Subjects
Code Citations
Virginia State Sources
| Type | Source |
|---|---|
| Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB1155 |
| Text | https://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB1155+hil |
