Virginia House Bill 1555 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2015 - 25% progression, died in committee
Action: 2015-02-10 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Providers of Medicaid waiver services tax credit. Creates an individual and corporate income tax credit for health insurance premiums paid by a business providing Medicaid waiver services equal to the percentage of the business's gross earned revenues attributable to such services multiplied by the difference of (i) the health insurance premiums paid by the business in the current year for its full-time direct care employees providing Medicaid waiver services and (ii) the health insurance premiums paid by the business in 2014 for the same employee group. The bill provides for any unused credit to be carried forward for five years. The provisions of the bill would be effective beginning with taxable year 2016. The credit would expire on January 1, 2021.

Medicaid; tax credit for providers of waiver services.

Sen. Chris Head [R]

Date	Chamber	Action
2015-02-10	House	Left in Finance
2015-01-23	House	Subcommittee recommends laying on the table by voice vote
2015-01-20	House	Assigned Finance sub: Subcommittee #3
2015-01-07	House	Referred to Committee on Finance
2015-01-07	House	Prefiled and ordered printed; offered 01/14/15 15101199D

Chapter	Article	Section	Citation Type	Statute Text
58	1	439.12:11	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?151+sum+HB1555
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?151+ful+HB1555+hil