Income tax, state; adjusts elements of VA individual income tax annually to account for inflation. (HB1930)

Introduced By

Del. Barbara Comstock (R-McLean)

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 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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2013Prefiled and ordered printed; offered 01/09/13 13101523D
01/09/2013Referred to Committee on Finance
01/12/2013Impact statement from TAX (HB1930)
01/14/2013Assigned Finance sub: #1
01/15/2013Impact statement from TAX (HB1930H1)
01/16/2013Subcommittee recommends laying on the table
02/05/2013Left in Finance