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 »

Outcome

Bill Has Failed

History

DateAction
01/22/2016Presented and ordered printed 16103589D
01/22/2016Referred to Committee on Finance
02/01/2016Impact statement from TAX (SB733)
02/09/2016Continued to 2017 in Finance (15-Y 0-N) (see vote tally)
12/02/2016Left in Finance

Duplicate Bills

The following bills are identical to this one: HB215.