Income tax, state; adjusts elements of Virginia's individual income tax to account for inflation. (HB1402)
Introduced By
Del. Mark Cole (R-Fredericksburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax adjusted for inflation. Adjusts elements of Virginia's individual income tax to account for inflation. The individual income tax income brackets, return filing thresholds, standard deduction, and personal exemption amounts would be adjusted every two years beginning with taxable year 2015 by the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U), for all items, for the 24-month period ending on September 30 of the calendar year immediately preceding the affected calendar year Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/17/2012 | Committee |
12/17/2012 | Prefiled and ordered printed; offered 01/09/13 13101172D |
12/17/2012 | Referred to Committee on Finance |
01/12/2013 | Impact statement from TAX (HB1402) |
01/14/2013 | Assigned Finance sub: #1 |
01/16/2013 | Subcommittee recommends laying on the table |
02/05/2013 | Left in Finance |