Income tax, state; credit for low-income taxpayers. (HB753)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Income tax; income tax credit for low-income taxpayers. Replaces the current income tax credit for low-income taxpayers with a refundable credit equal to 10% of the federal earned income tax credit, effective for taxable years beginning on or after January 1, 2006. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2006 | Prefiled and ordered printed; offered 01/11/06 063580410 |
| 01/10/2006 | Referred to Committee on Finance |
| 01/18/2006 | Assigned to Finance sub-committee: #3 (Ware, R.L.) |
| 01/31/2006 | Fiscal impact statement from TAX (HB753) |
| 02/15/2006 | Left in Finance |