Bill
Bill > HB1397
summary
Introduced
01/08/2020
01/08/2020
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
03/12/2020
03/12/2020
Introduced Session
2020 Regular Session
Bill Summary
Virginia taxable income; subtractions; volunteer firefighters and volunteer emergency medical services personnel. Provides a state income tax subtraction of $20 per hour, up to a maximum of 300 hours per taxable year, for bona fide volunteers who perform qualifying services, defined in the bill as volunteer firefighting and fire prevention services, emergency medical services, auxiliary police officers, ambulance services, emergency rescue services, and all training and training-related activities required by law.
AI Summary
This bill provides a state income tax subtraction of $20 per hour, up to a maximum of 300 hours per taxable year, for bona fide volunteers who perform qualifying services. Qualifying services include volunteer firefighting and fire prevention, emergency medical services, auxiliary police officers, and emergency rescue services. The bill defines a "bona fide volunteer" as an individual whose only compensation for such services is reimbursement or reasonable allowance for expenses incurred or reasonable benefits, including length of service awards and customary fees. This subtraction is available for taxable years beginning on or after January 1, 2020.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Left in Finance (on 02/11/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1397 |
| BillText | http://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1397+hil |
| Bill | http://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1397+hil+pdf |
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