Virginia May Let Younger Veterans Get Tax Break

Virginia lawmakers may soon consider removing the existing age restriction on people eligible for a military benefits income tax subtraction under a bill pre-filed ahead of the 2023 session. 

House Bill 1436 by Del. John J. McGuire, R-Goochland, proposes removing the age 55 or older restriction, which would allow younger veterans to take advantage of income tax subtractions of up to $40,000 in military benefits in the coming years.

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Detroit City Council Again Delays Vote on $60 Million Tax Break

The Detroit City Council postponed for a second time a vote on whether to give billionaire Dan Gilbert a $60 million tax break over 10 years after heavy resident pushback.

Gilbert, who Forbes says is worth $15.6 billion, says he needs taxpayers to fund a 10-year tax break to renovate real estate firm Bedrock’s Hudson building, which they claim will support 2,000 permanent jobs once finished.

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