Income tax, state and fuels taxes; adjusted for inflation. (HB1888)
Introduced By
Del. Jim LeMunyon (R-Oak Hill)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax and fuels taxes; adjusted for inflation. Adjusts elements of Virginia's individual income tax and fuels taxes annually to account for inflation. The individual income tax income brackets, return filing thresholds, standard deduction, and personal exemption amounts would be adjusted annually beginning in 2014 by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, from October 1 through September 30 for the immediately preceding year. Virginia's fuels taxes would be adjusted each July 1 beginning in 2013 by the percentage change in the U.S. Department of Labor's Producer Price Index for Other Nonresidential Construction - Land Transportation from May 1 through April 30 immediately preceding the affected July 1. Read the Bill »
Status
01/23/2013: Merged into HB2313
History
Date | Action |
---|---|
01/08/2013 | Committee |
01/08/2013 | Prefiled and ordered printed; offered 01/09/13 13100618D |
01/08/2013 | Referred to Committee on Finance |
01/17/2013 | Impact statement from TAX (HB1888) |
01/23/2013 | Incorporated by Finance (HB2313-Howell, W.J.) |