File Code: Taxes - Income
Prior Year Introduction As: HB 1253/05 - W&M
- Sponsored By:
-
Delegates Cryor, Barkley, Bartlett, Bohanan, Boschert, Bromwell,
Bronrott, Cadden, Dumais, Dwyer, Edwards, Elmore, Feldman, Frank,
Gilleland, Glassman, Gutierrez, Hogan, Jameson, Kach, Kaiser, Kelly,
Kohl, Lawton, Leopold, Love, Mandel, McDonough, McHale, Morhaim, Myers,
O'Donnell, Quinter, Rudolph, Shewell, Smigiel, Sossi, Stocksdale,
Stull, Trueschler, F. Turner, Weldon, Wood, and Zirkin
- Entitled:
-
Taking Care of Our Own - Income Tax Credit for Purchase of Life
Insurance for Active Duty Military
Allowing an individual or corporation a credit against the State
income tax for 50% of the costs incurred to purchase a $250,000 life
insurance policy for an individual who is a resident of the State and
is in the active military, naval, or air service of the United States
in an area designated as a combat zone by the President of the United
States; and applying the Act to tax years after 2005.
House Action
- 2/8
- First Reading Ways and Means
- 3/1
- Hearing 3/21 at 1:00 p.m.
Senate Action
- No Action
Sponsored by:
- Delegate Jean B. Cryor, District 15
- Delegate Charles Barkley, District 39
- Delegate Joseph R. Bartlett, District 4A
- Delegate John L. Bohanan, Jr., District 29B
- Delegate David G. Boschert, District 33A
- Delegate Eric M. Bromwell, District 8
- Delegate William A. Bronrott, District 16
- Delegate Joan Cadden, District 31
- Delegate Kathleen M. Dumais, District 15
- Delegate Donald H. Dwyer, Jr., District 31
- Delegate George C. Edwards, District 1A
- Delegate D. Page Elmore, District 38A
- Delegate Brian J. Feldman, District 15
- Delegate William J. Frank, District 42
- Delegate Terry R. Gilleland, Jr., District 32
- Delegate Barry Glassman, District 35A
- Delegate Ana Sol Gutierrez, District 18
- Delegate Patrick N. Hogan, District 3A
- Delegate Sally Jameson, District 28
- Delegate Wade Kach, District 5B
- Delegate Anne R. Kaiser, District 14
- Delegate Kevin Kelly, District 1B
- Delegate Sheryl Davis Kohl, District 34A
- Delegate Jane E. Lawton, District 18
- Delegate John R. Leopold, District 31
- Delegate Mary Ann E. Love, District 32
- Delegate Adrienne A. Mandel, District 19
- Delegate Pat McDonough, District 7
- Delegate Brian K. McHale, District 46
- Delegate Dan K. Morhaim, District 11
- Delegate LeRoy E. Myers, Jr., District 1C
- Delegate Anthony J. O'Donnell, District 29C
- Delegate Neil F. Quinter, District 13
- Delegate David D. Rudolph, District 34B
- Delegate Tanya T. Shewell, District 5A
- Delegate Michael D. Smigiel, Sr., District 36
- Delegate Richard A. Sossi, District 36
- Delegate Nancy R. Stocksdale, District 5A
- Delegate Paul S. Stull, District 4A
- Delegate John G. Trueschler, District 42
- Delegate Frank S. Turner, District 13
- Delegate Richard B. Weldon, Jr., District 3B
- Delegate John F. Wood, Jr., District 29A
- Delegate Bobby A. Zirkin, District 11
Bill indexed under the following Subjects:
- ARMED FORCES -see also- MILITIA
- INCOME TAX
- INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
- TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
- Tax - General
- (
10-726
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
