Income tax, state; annual adjustment for inflation. (SB733)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax; adjusted for inflation. Adjusts Virginia's individual income tax brackets, standard deduction, and personal exemption amounts annually beginning with the 2016 taxable year by the percentage increase in the Consumer Price Index for all urban consumers (CPI-U), for all items, from July 1 through June 30 for the year immediately preceding the taxable year. Read the Bill »
Status
02/09/2016: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/22/2016 | Presented and ordered printed 16103589D |
| 01/22/2016 | Referred to Committee on Finance |
| 02/01/2016 | Impact statement from TAX (SB733) |
| 02/09/2016 | Continued to 2017 in Finance (15-Y 0-N) (see vote tally) |