SB 745 Virginia Senate · 2020 Regular Session

Income tax, state; exclusion, student loan forgiveness, disabled veterans.

Summary

Income tax exclusion; student loan forgiveness; disabled veterans. Excludes from Virginia adjusted gross income any income received by a totally and permanently disabled veteran from student loan debt cancellation or discharge for taxable years 2020 through 2025.

Bill status signed all 5 stages cleared

Introduction

Jan 2020

Committee Review

Feb 2020

Senate Passage

Jan 2020

House of Delegates Passage

Feb 2020

Signed into Law

Apr 2020

Introduced Jan 8, 2020 Signed Apr 2, 2020

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 2, 2020

Signed into law

Approved by Governor-Chapter 606 (effective 7/1/20)

executive

Feb 24, 2020

Lower · Passed

Passed House BLOCK VOTE (100-Y 0-N)

lower

Feb 19, 2020

Lower · Passed

Reported from Finance (21-Y 0-N)

lower

Feb 17, 2020

Lower · Passed

Subcommittee recommends reporting (9-Y 0-N)

lower

Feb 13, 2020

Committee

Assigned Finance sub: Subcommittee #1

lower

Feb 12, 2020

Committee

Referred to Committee on Finance

lower

Jan 24, 2020

Upper · Passed

Read third time and passed Senate (39-Y 0-N)

upper

Jan 23, 2020

Introduced

Engrossed by Senate as amended SB745E

upper

Jan 23, 2020

Upper · Passed

Committee amendment agreed to

upper

Jan 23, 2020

Introduced

Reading of amendment waived

upper

Jan 21, 2020

Upper · Passed

Reported from Finance and Appropriations with amendment (15-Y 0-N)

upper

Jan 8, 2020

Committee

Referred to Committee on Finance and Appropriations

upper

Jan 8, 2020

Introduced

Prefiled and ordered printed; offered 01/08/20 20100557D

upper

1 primary · 1 co-sponsor