Income tax, state and fuels taxes; adjusted for inflation. (HB1888)

Introduced By

Del. Jim LeMunyon (R-Oak Hill)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


01/23/2013: Merged into HB2313


01/08/2013Prefiled and ordered printed; offered 01/09/13 13100618D
01/08/2013Referred to Committee on Finance
01/17/2013Impact statement from TAX (HB1888)
01/23/2013Incorporated by Finance (HB2313-Howell, W.J.)