Individual income, corporate income, and sales and use taxes; restructuring various taxes. (HB2588)

Introduced By

Del. David Englin (D-Alexandria) with support from 14 copatrons, whose average partisan position is:

Those copatrons are Del. Ward Armstrong (D-Martinsville), Del. William Barlow (D-Smithfield), Del. Danny Bowling (D-Oakwood), Del. Bob Brink (D-Arlington), Del. Al Eisenberg (D-Arlington), Del. Charniele Herring (D-Alexandria), Del. Bobby Mathieson (D-Virginia Beach), Del. Joe Morrissey (I-Highland Springs), Del. Paul Nichols (D-Woodbridge), Del. Jim Shuler (D-Blacksburg), Del. David Toscano (D-Charlottesville), Del. Jeion Ward (D-Hampton), Sen. Adam Ebbin (D-Alexandria), Sen. Dave Marsden (D-Burke)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Individual income tax, corporate income tax, and sales and use tax. Removes the remaining portion of the state sales and use tax (one and one-half percent) from food for human consumption (effective July 1, 2010), restructures the individual income tax rate brackets, and exempts corporations having less than $100,000 of Virginia taxable income from the Virginia corporate income tax for taxable years beginning on or after January 1, 2010.

The changes in the individual income tax brackets are as follows:

In Excess Of But No More Than Tax Rate

$17,000 $75,000 5.6% (decrease)

$75,000 $400,000 5.75% (same as current law)

$400,000 6.85% (increase) Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/22/2009Presented and ordered printed 091923500
01/22/2009Referred to Committee on Finance
01/25/2009Impact statement from TAX (HB2588)
01/26/2009Impact statement from TAX (HB2588)
01/29/2009Impact statement from TAX (HB2588)
02/10/2009Left in Finance

Map

This bill mentions Richmond, Alexandria, Falls Church, Arlington.

Comments

Gail Gordon, Alexandria writes:

The tax on groceries needs to be repealed. Food is a necessity and we shouldn't be taxed on it! Believe it or not, there are families without enough food here in seemingly prosperous Alexandria. Tax something else - gas guzzling SUVs, second homes that people rarely use, country club memberships, and other useless stuff. In fact, anyone who pays upwards of $40 or $50 grand a year to golf should have to pay that much to the State in terms of a "moron fee."

Shayna Englin writes:

Gail: just to clarify - this bill ELIMINATES the existing tax on food.

Gail Gordon writes:

Yes, I realize that. I asked that the tax on food be eliminated, except for junk food, which should be taxed. I'm aware that "junk food" is subject to interpretation, but there are "foods" that have no real nutritional value, like soda, potato chips, candy, etc. Go ahead and tax that.

I still think that anyone who pays $40 or $50 grand to join a country club and then spends thousands of dollars more every year to eat dry club sandwiches by a pool full of screeching brats should have to pay a "moron tax" equal to whatever they paid to join the club, and then the annual fee every year after that. Use those tax receipts to feed the poor and keep the public courses open, and maybe teach underprivileged youth to golf.