Income tax, state; modifies tax by establishing a flat 5.75% tax on all taxable income. (SB757)
Introduced By
Sen. Mark Obenshain (R-Harrisonburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Individual income tax. Modifies the individual income tax by establishing a flat 5.75% tax on all taxable income. The bill also increases the standard deduction from $6,000 to $15,000 for married persons and from $3,000 to $7,500 for single individuals. The changes are effective for taxable years beginning on and after January 1, 2017. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/22/2016 | Presented and ordered printed 16103590D |
01/22/2016 | Referred to Committee on Finance |
02/01/2016 | Impact statement from TAX (SB757) |
02/09/2016 | Continued to 2017 in Finance (15-Y 0-N) (see vote tally) |
12/02/2016 | Left in Finance |